Stock Market Today: Dow, S&P Live Updates for May. 25, 2021

Asian stocks are set to open higher Tuesday after technology shares led gains in the U.S. as investors put inflation worries on the backburner for now. Bitcoin surged after a weekend rout.

Futures pointed higher in Japan, Australia and Hong Kong. The S&P 500 rose and the Nasdaq 100 outperformed amid a rally in technology giants such as Apple Inc., Inc. and Tesla Inc. The world’s largest cryptocurrency soared after plunging as much as 18% on Sunday. Benchmark 10-year Treasury yields and the dollar retreated.

Oil jumped by the most in a month after Iran said that gaps remain in negotiations aimed at reaching a deal to end U.S. sanctions on its crude, which would add to supply in the market.

Market-implied U.S. inflation expectations dropped by most since 2020 last week

Federal Reserve officials reiterated that they expect spikes in inflation to be transitory. Federal Reserve Governor Lael Brainard, Atlanta Fed President Raphael Bostic and St. Louis’s James Bullard said they wouldn’t be surprised to see bottlenecks and supply shortages push prices up in coming months as the pandemic recedes and pent-up customer demand is unleashed — but much of those price gains should prove temporary.

While market-based measures of inflation expectations have dipped, investors remain cautious about price pressures as well as Covid-19 spikes, for instance in Asia.

Read More: Stock Market Today: Dow, S&P Live Updates for May. 25, 2021

2021-05-24 21:45:12

Get real time updates directly on you device, subscribe now.

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.