American stock markets are in sensible correction today.
Companies keep publishing strong performance reports, and quarantine restrictions are relieved in the U.S.; however, this does not create momentum for the market to continue growth. In fact, Treasury Secretary Janet Yellen’s statement regarding the future growth of interest rates accelerated plunging of indexes.
American stock markets opened on Monday with a fairly good growth
S&P500 index and NASDAQ technology index reached new historical highs. Later, quite logically, the indexes somewhat dropped, and then were moving in different directions.
The key American stock indexes were growing on Friday except for Nasdaq hovering around zero
However, banks (Federal Reserve released results of stress tests) and real economy (approval of Biden’s infrastructure plan) were in focus rather than technologies.
American stock markets were recovering from the last week’s losses
Continuing verbal interventions by policymakers and major investors had calmed the market down regarding prospects of stimulus wrapping up by Federal Reserve. For how long?