Bond markets gave the Fed choice to pause, bonds market could taketh away. | MarketTalk: What’s up today? | Swissquote
The S&P500 jumped almost 2% to above its 200-DMA, and Nasdaq 100 gained 1.74% and tested its 50-DMA to the upside as the rally in the US sovereign bonds extended to another day. Apple will likely slow the rally in major US indices. Apple shares dived up to 4% in the afterhours trading after announcing that the sluggish Chinese demand for iPhones dented revenue.
Investors will also watch closely the US jobs data. Any strength in job additions or wages growth data could bring bond trades back to earth and remind them that if the US jobs market - and...