The Nasdaq 100 Index is heading for the worst week since March, with futures pointing to deeper losses when US markets open on Friday. Contracts on the tech-heavy index dipped 0.5% in early US trading and S&P 500 futures lost 0.3%. Stocks have slumped with week, sending the Nasdaq down almost 6%, amid a jump in Treasury yields and worries that markets are overheated. The S&P 500 has slipped 2% so far this week, poised for the first back-to-back loss since October. “In reality, it’s not the absolute level but the rapid pace of increase that worries risk investors," said Ipek Ozkardeskaya, a senior analyst at Swissquote.

Source: Mint February 26, 2021 11:55 UTC