US Equity Handover: Indices Fade into Negative Territory in Post-Holiday Trade

See a summary of the top stock themes and trends from today's US session!


  • US indices faded throughout the day, ultimately closing between 0.5% and 1% lower.
  • Ten of the eleven sectors fell on the day, with communication services (XLC) eking out a roughly 0.5% gain. Utilities (XLU) were the weakest sector, shedding nearly 2%.
  • US data: Housing prices rose 2.7% y/y in March according to Case-Shiller, while Conference Board Consumer Confidence rose to 134.1, its highest level since November.
  • Despite the decent data, 10-year US treasury yields dropped to 2.27%, their lowest level since September 2017.
  • Fiat Chrysler (FCAU) rallied more than 7% after proposing a $35B merger with Renault SA.
  • Asian stocks are pointing to a mixed open.

*There are no high-impact earnings releases scheduled for tomorrow’s Asian session*

Macroeconomic Calendar

*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.

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