News – US – Stock futures fall, suggesting tech stocks retreat

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US. Stock futures fell Monday, suggesting losses for major indices as rising bond yields raised concerns that technology stocks are looking too expensive

Futures linked to the S&P 500 fell 0.7%, suggesting the broad market will continue to fall after the opening bell in New York The benchmark retreated 0.7% last week of contracts related to the tech-heavy Nasdaq- 100 fell 13% and Dow Jones Industrial Average Futures fell 06% lower

Investors are betting that the launch of vaccines and President Biden’s proposal of $ 19 trillion stimulus packages will accelerate economic recovery later this year

These expectations, along with concerns about rising inflation and the prospect of interest rates rising earlier than expected, have contributed to a sell-off in US Government bonds in recent weeks Falling bond prices have led to rising yields, which has raised concerns that soaring stocks appear less attractive than assets that are considered risk-free

“As the yield increases, so does the demand for [government bonds] relative to other assets,” said Hani Redha, Portfolio Manager at PineBridge Investments. “How much are you willing to pay for stocks? If you’re getting very low returns on bonds, you should be willing to pay a higher amount for stocks, but that is starting to change as bond yields rise ”

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News – USA – Stock futures are falling, suggesting a retreat in technology suggests proportions

Source: https://www.wsj.com/articles/global-stock-markets-dow-update-02-22-2021-11613983382