The 10-year Treasury yield remains in focus
| 3/10/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Stock Futures Pointed Higher After Inflation Reports | By: Lillian Currens | Stock futures are eyeing modest gains this morning, with the Dow Jones Industrial Average (DJI) pointed over 150 points higher, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) linger just above fair value. The Nasdaq is looking at a muted pop following yesterday's wild rally, with the 10-year Treasury yield once again in focus as investors eye muted inflation data, which fell in-line with estimates at 0.4%. Wall Street is also looking toward this afternoon's 10-year Treasury auction of $38 billion in notes to provide guidance on the direction of rates going forward. Meanwhile, the $1.9 trillion stimulus bill is set to be passed by House Democrats this morning, while checks to individuals are expected to be sent starting this month. Continue reading for more on today's market, including: - Should you fear the Nasdaq's latest correction?
- Morgan Stanley stock could nab fresh highs, if history is any indicator.
- Plus, Eli Lilly jumps on positive Covid-19 treatment study; EXPR sees surprise post-earnings pop; and LEVI Chairman retires.
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