Stocks wobble after Mnuchin pulls plug on Fed stimulus
World financial markets stalled on Friday as news U.S. Treasury was ending emergency loans programmes dealt a blow to economic recovery hopes just as California announced curfews to try and fight surging coronavirus infections. S&P500 futures slipped 0.5% while Dow futures fell 0.6%, cancelling out a firmer lead from a strong Wall Street session overnight. The dollar was slightly weaker and the 10-year Treasury yield slipped to the lowest in 10 days at 0.818%.
Published:11/19/2020 11:40:20 PM