B1 Intermediate UK 76 Folder Collection
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April 3rd is in the books, the first day of the new quarter.
This is New York Minute.
The US stock market started a new quarter on the back foot,
with the S&P 500 falling by as much as 0.8% by midday in New York.
Car companies were the biggest drag after poor sales dented sentiment.
But the market regained its footing in the afternoon as more buyers emerged,
pairing Monday's loss to just 0.2%.
The recovery was mirrored in the Vix index, Wall Street's "fear gauge".
By midday, the Vix jumped it's highest since last Monday when investors initially reacted badly to the collapse of the US health care overhaul.
But the volatility gauge eventually settle down on the day, reflecting the "buy-the-debt-mentality" that reigns on Wall Street these days.
Signs of a fading optimism of the Trump trade was more apparent in the US treasury market
where the benchmark 10-year US government bond yield fell seven basis points to its lowest level since February 24th.
The difference between short and long term treasury yields,
a good measure of whether investors really thinking economic growth is about to take off,
also fell to its lowest level since the US election.
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Stocks pare early losses

76 Folder Collection
Sabrina Hsu published on April 12, 2017    Sabrina Hsu translated    Hsin reviewed
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