U.S. stocks were weighed down by strong labour market data, which is considered a precursor to further rate hikes by the Fed. The S&P 500 fell 1.2% by mid-day in New York, while the tech-heavy Nasdaq 100 was also down 1.2%. Meanwhile, yield on 10-year Treasuries advanced four basis points to 3.72%.Crude price was up 1.8%, while gold declined 1.3%. Bitcoin changed little to trade around the $16,800-level.Domestic indices closed in the…
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This article was written byFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience...
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