Europe Stocks Drift as Tech Weighs; Dollar Gains: Markets Wrap

SourceYahoo News
SectorFinancial Markets
CountryGulf

Oops!Something went wrong.Please try again later.BloombergU.S. Futures Drop, Dollar Gains; Asia Stocks Mixed: Markets WrapAndreea PapucMay 3, 2021, 9:47 PM·3 min readOops!Something went wrong.Please try again later.

(Bloomberg) — U.S. equity futures retreated and Asian stocks were mixed Tuesday following weakness among the technology giants on Wall Street.

The dollar rallied.

Taiwan’s benchmark bore the brunt of a sell-off, shedding as much as 3.3%, after beating all other major gauges globally in April. South Korean shares edged down while Hong Kong and Australia rose modestly. Trading will be limited with Japan and China among markets closed for holidays. U.S. contracts fell after the S&P 500 ended near session lows and shares such as Tesla Inc. and Amazon.com Inc. weighed on the Nasdaq 100.

Ten-year Treasury yields dropped back to around 1.6% in U.S. trade amid comments from Federal Reserve Chair Jerome Powell that the economic recovery is patchy.

A gauge of commodity prices is at the highest level since 2012. Silver is among the...read more...