Global and futures stocks on the American indices fell for the third consecutive session, led by the Nasdaq 100, commodities and crypts, which fell before the release of the minutes of the April Fed meeting, and after the European Central Bank (ECB) warned that the euro faces high levels of financial stability as they emerge as high debt burdens and the pandemic’s “remarkable exuberance” coupled with a resurgence of information concerns and coronavirus outbreaks.
Yield on 10-year Treasury notes hit the highest one-week high of 1.67%, knocking out Apple, Microsoft and Facebook shares by about 1% in the pre-market.
