Contracts for the S&P 500 rose after hesitations earlier. The index fell for the fifth day, its longest loss in a year. The Nasdaq 100 rose 0.88% after falling more than 2% on Monday as investors questioned the attractiveness of more expensive stocks,
The Bloomberg Commodity Spot Index, which tracks the movement of prices of 23 commodities, previously rose to its highest level since March 2013. Brent oil consolidated above $ 65 per barrel as Goldman Sachs Group Inc. forecasts that prices could reach $ 70 in the coming months.
The burning stock market rally from the depths of the pandemic almost a year ago is under surveillance as the cost of long-term loans is rising. One concern is that broad criteria have already been assessed in much of the future global recovery stimulated by vaccines and incentives in the United States. Another is that central banks may eventually begin to review emergency programs that have supported global markets.
“Key stock engines may fade once markets come to terms with the next phase of recovery,” said Chris Hugo, chief investment officer for major investments at AXA Investment Managers. “I would not be surprised if market returns are more volatile in the coming months. My approach to fixed income would be to look for opportunities to start buying again. “
Elsewhere, bitcoin traded close to $ 50,000 after a 17% collapse on Monday.
Junior Trader Mert Mustafa
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