Stocks Ease, Tech Rises, Bonds Eye Strongest Week Of The Year As Consumer Sentiment Sinks In June: What's Driving Markets Friday?

Quick Summary:

Wall Street is set for a subdued session on Friday as risk sentiment wanes due to low U.S.consumer confidence and rising political uncertainties in Europe.

European assets experienced wild sell-offs, particularly in French equities, as investors worry about potential political and fiscal turmoil with snap elections looming in nearly two weeks.

The University of Michigan reported the lowest U.S.consumer confidence reading since November 2023, significantly missing economists’ forecasts.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Equities Consumer Sentiment ETFs Midday update Treasuries SPY Stories That Matter CCL Econ #s XLK DIA Top Stories XLRE TLT XLI US78462F1030 ADBE PA1436583006 US4642874329 US81369Y8030 Economics LR0008862868 Broad U.S. Equity ETFs US78467X1090 RCL HAS US4642876555 US00724F1012 RH Macro Notification Eurozone $BTC IWM Macro Economic Events Consumer Confidence US81369Y7040 NCLH Bonds Tech Benzinga US4180561072

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 18:16:34 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21255666

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