S&P 500 Futures, yields stabilize ahead of US GDP, First Republic Bank, tech shares eyed – by anilpanchal7 SP500 Futures RiskAversion YieldCurve GDP
is the upbeat performance of the technology giants and hopes of a pause in the major central bank’s rate hike trajectory.
Upbeat earnings from Microsoft and Google’s parent Alphabet Inc. allowed Nasdaq to remain firmer. However, the escalating fears from the First Republic Bank , due to another 20% share price fall on Wednesday following a 50% slump the previous day, weigh on the sentiment. It’s worth mentioning that the latest tax receipt numbers from the US allow Goldman Sachs to expect that the US Treasury Department can avoid the risk of a federal payments default till late July.
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