S&P 500 and Nasdaq 100 – Fundamental Forecasts and Analysis
- S&P 500 turns negative for the week.
- Nasdaq 100 – A bullish flag or the start of a bearish channel?
Trade Smarter – Sign up for the DailyFX Newsletter
Receive timely and compelling market commentary from the DailyFX team
Subscribe to Newsletter
Most Read: S&P 500, Nasdaq 100 Price Action – Pushing Higher Against Market Wisdom
The US stock market opened Friday in negative territory, continuing Thursday’s heavy sell-off. The ongoing move lower is being fueled by higher US Treasury yields and a stronger US dollar. This week a number of Fed speakers have been giving their updated views on inflation and the future path of interest rates and they have all been on the hawkish side. This hawkishness is being priced into markets on an ongoing basis, pushing bond yields to multi-month highs and the closely watched terminal rate to around 5.30% from mid-4s at the height…