Microsoft And Google Couldn’t Keep The Market Green – Investing.com
- Date: 28-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Microsoft And Google Couldn’t Keep The Market Green – Investing.com
4.20% and 4.80% gains from Microsoft (NASDAQ:) and Google (NASDAQ:), respectively, were not enough to offset a late-day market sell-off. Despite their significant gains and 10% contribution to the , the market ended lower by half a percent.
Bond yields fell sharply with the UST bond leading the way, down ten basis points. Economic data continues to show signs of weakening, yet the Fed is on the precipice of tapering QE. Might the bond market be warning us of a mistake in the making by the Fed?
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