Wall Street, US debt and Bond Market
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23hon MSN
"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.
Investors are worried about the ongoing trade war — and rethinking the safety and soundness of U.S. government debt.
1don MSN
Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. Futures for the Dow Jones Industrial Average fell 0.5% in premarket trading, while futures for the S&P 500 and Nasdaq each slid 0.3%.
Stocks have rallied this week after the U.S. and China agreed on a 90-day pause for most of their punishingly high tariffs
Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
HONG KONG — Asian shares fell Monday and U.S. futures and the dollar weakened after Moody’sRatings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.