Sharp turnaround as Trump reassessed
Yoel Minkoff
U.S. shares staged a dramatic comeback yesterday, led by banks and healthcare stocks as investors bet on the prospect of less regulation.
Treasury yields also rose to their highest level since January, with the yield on the 10-year note experiencing its largest one day jump in five years.
The move higher is continuing across the globe today, though the speed of the reversal is leaving some market watchers scratching their heads.
Asia: Nikkei +6.2%; Shanghai +1.4%; Hang Seng +2.3%; Sensex +1.7%.
European Futures: London +0.4%. Paris +0.4%. Frankfurt +0.4%.
U.S. Futures: Dow +0.4%. S&P +0.3%. Nasdaq +0.7%.
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