US equities look set for another bumpy day later

Futures marked lower on the tech selloff

  • S&P 500 futures -0.8%
  • Nasdaq futures -1.9%
  • Dow futures -0.3%
  • Russell 2000 futures -0.9%

With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.

The passing of Biden’s $1.9 trillion stimulus bill has failed to give equities a lift whatsoever as investors are still arguably feeling jittery about the bond market.

It is crunch time for the S&P 500 and Nasdaq as the former looks to hold above broken key trendline support while the latter nears another test of its 100-day moving average:

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Can dip buyers hold the line as they did on Friday?

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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