From Investing.com: 2024-05-30 02:43:00

Market sentiment was risk-off on Wednesday, continuing from Tuesday. Uncertainty looms over whether this signals a shift to tighter financial conditions or a temporary pause. The CDX high-yield credit spread index rose, hinting at wider credit spreads. Treasury rates surged post a lackluster auction, nearing 4.7%. The is closely tied to this rate, last seen with the at 5,000. The also rose, surpassing 1.37, eyeing the crucial 1.38 level. The S&P 500 closed down 75 bps; a break below 5,260 may lead to a test at 5,200. Salesforce stock plummeted by 16% post-earnings, forming a descending triangle. Data ahead will sway market trends.



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