futures increased by 35 points, or 0.1%, while
futures had fallen 0.1% and
futures had decreased by 0.2%. The index had risen about 0.5% earlier in the morning.
Optimism about the fight against Covid-19 – promised President Joe Biden enough vaccine for all American adults in May– and fiscal stimulus – continued a $ 1.9 trillion relief package progress through the Senate– seemed ready to lift the markets on Wednesday morning. But the 10-year return began to rise again, to 1.457%, which caused especially technical stocks.
“US equities are struggling to find direction after a strong start to the week,” writes Stephen Innes, Chief Global Market Strategist at Axi. “Despite the headline’s weak index, pricing measures are still constructive as rotation to more cyclical pockets in the market of expensive growth remains a steady theme.”
Here are some other stocks on the rise:
(LVS) increased almost 3% after agrees to sell its assets in Las Vegas to private equity buyers for more than $ 6 billion.
(LYFT) shares increased by 4.5% after the company said it only saw its best riding week since March last year.
(ROKU) shares increased 2% after KeyBanc Capital Markets upgraded the stock to overweight from sector weight.
(ETN) shares rose 1% after Morgan Stanley upgraded the stock to overweight from equilibrium.
(AA) shares increased 4% after Goldman Sachs upgraded the stock to buy from Sell.
Cos. (RKT) has fallen 12% since Tuesday massive profit after RBC downgraded the stock to Sector Perform from Outperform.
Write to Jacob Sonenshine vid [email protected]