Dip buyers pounce on stocks, chipmakers lead the way ...Middle East

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There has been an impressive turn in US equity markets, particularly from the pre-market lows. Eminis are now up 24 points on the day and up 50 points from the daily lows.There isn't a clear catalyst for the move and there hasn't been any help from the bond market as Treasury yields are up on the day and in the middle of the daily range.The comments from Williams earlier struck me as dovish but this would certainly be a delayed reaction. The latest ECB leak also suggests that they're on track for a June cut but that's not a big surprise.I suspect this is another example of the buy-the-dips mentality. Chipmakers are leading the way today with Nvidia up 3.1%, that's a trend that many people do

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Last updated : 11 April 2024 clock 08:28 PM

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Dip buyers pounce on stocks, chipmakers lead the way ...Middle East

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