Skip to content
Subscriber Only

Traders Buckle In as Overnight Bounce in Stock Futures Goes Poof

  • Outgoing Fed Chair Yellen sees valuations on the high side
  • ‘A departure from the frequent overnight ramps’ of bull market
Video player cover image
Global Equity Slump Deepens
Updated on

An overnight rebound in equities evaporated and investors were wondering how deep the selloff in equities will get.

U.S. stock indexes resumed their decline after a seven-hour bounce. Concern keeps swirling over encroaching inflation and surging bond yields that last week sent major benchmarks to their worst week in two years. The S&P 500 Index fell 0.8 percent as of 9:48 a.m. in New York. The Nasdaq 100 Index slipped 0.7 percent and Dow Jones Industrial Average slid 1 percent.