3568 was the low within the S&P 500 and the index has since bounced to 3605, which is almost 40 factors. The index now rests down simply 7 factors on the day.
Within the futures market, the low was just under the premarket lows.
The flip in equities got here alongside a bid in bonds. US 10-year yields are actually up simply 1.5 bps on the day to three.90% from a excessive of 4.00%.
There isn’t any information driving the change, although individuals have famous the feedback from Brainard yesterday to point that a minimum of the Fed is conscious of overdoing it.
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