How Option Traders Are Playing the MSFT Dip

The 10-year Treasury yield dropped roughly six basis points on Tuesday

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Schaeffer's Opening View
3/09/2021
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Stock Futures Enjoy Gains as Bond Yields Weaken


By: Lillian Currens

Stock futures are piggybacking off a dramatic drop in bond yields this morning, with the Dow Jones Industrial Average (DJI) pointed over 100 points higher. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also eyeing sizable gains, with the latter getting a big boost from Big Tech's pre-market comeback. The closely watched 10-year Treasury yield is suffering a sharp drop this morning, tumbling over 6 basis points to 1.52%, a long way from its Monday peak of 1.62%. A fresh round of stimulus is also driving stocks higher, with the bill expected to be approved by President Joe Biden before March 14. 

Continue reading for more on today's market, including:

  • Analyst: Why VF Corp stock has room to run. 
  • How the Big-Tech pullback has affected MSFT. 
  • Plus, DKS dips on guidance miss; BIDU's Hong Kong IPO approved; and PTON eyes global expansion. 
Share on Read More...
     

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