Stock Market Outlook Clouds with Bitcoin Plunge and Delays Ahead
U.S. stock futures are little changed as indexes struggled to rebound from last week's selloff on Monday, while bitcoin is sinking to its lowest level since November, taking crypto-related stocks with it. Investors are watching for economic data on home prices and consumer confidence today, amid a backdrop of falling yields on the 10-year Treasury note and lower gold and oil futures. The soft outlook from Home Depot has also added to market uncertainty.
- The recent volatility in the stock market may be masking underlying trends, such as changes in consumer spending patterns or shifts in global economic sentiment, that could impact investor confidence and asset prices.
- What role will central banks play in navigating this market uncertainty, particularly if they choose to adjust interest rates to stimulate growth?