mmm ,US market pulling back last night doesn’t have anything to do with the rate hikes coming. More to do with the 10y yield rising which always have an inverse relation with very high multiple technology and other growth stocks. Unfortunately most of these big tech companies are not only in Nasdaq but also in S&P500 and they are big part of it. Let’s see the inflation data tonight and see how market reacts to that. Reporting season kicks in on Thursday in the US with Banks first in line.
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Last
95.5¢ |
Change
-0.015(1.55%) |
Mkt cap ! $2.315B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 97.5¢ | 94.5¢ | $12.43M | 12.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81419 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 3225 | 1 |
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| LTR (ASX) Chart |