Futures marked lower on the tech selloff
- S&P 500 futures -0.8%
- Nasdaq futures -1.9%
- Dow futures -0.3%
- Russell 2000 futures -0.9%
With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.
The passing of Biden’s $1.9 trillion stimulus bill has failed to give equities a lift whatsoever as investors are still arguably feeling jittery about the bond market.
It is crunch time for the S&P 500 and Nasdaq as the former looks to hold above broken key trendline support while the latter nears another test of its 100-day moving average:
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Can dip buyers hold the line as they did on Friday?