A technology-led equity selloff deepened, and government bonds from the U.S. to Germany tumbled, as investors braced for imminent Federal Reserve tapering. The dollar gained haven allure amid a supply crunch from oil to semiconductors.
Contracts on the Nasdaq 100 Index plunged 1.2%, signaling the digital-driven gauge will extend Monday’s losses. The 10-year Treasury yield rose above 1.5% while shorter-dated rates surged toward pre-pandemic levels. Oil headed for multiyear highs. Applied materials Inc. led a slump in chip stocks in New York premarket trading.
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September 28, 2021 at 04:39AM
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Stock Market Today: Dow, S&P Live Updates for Sep. 28, 2021 - Bloomberg
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