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  • Futures slip as bond yields rise, BofA up on strong consumer lending
futures-slip-as-bond-yields-rise,-bofa-up-on-strong-consumer-lending

Futures slip as bond yields rise, BofA up on strong consumer lending

BizTech WeeklyBy BizTech Weekly Apr 18, 2022

FUTures down: Dow 0.14%, S&P 0.28%, Nasdaq 0.37% as Treasury yields continue to rise in expectation of tighter monetary policy. Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, edged 1% higher in premarket trading after recording a strong growth in its consumer lending business. Tesla Inc (TSLA.O) rose 0.8% as electric automaker began preparing to reopen its Shanghai plants as the city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. Twitter (TWTR) shares were up 4.4% after the micro-blogging platform adopted ‘poison pill’ on Friday to restrict Tesla CEO Elon Musk . . .

[su_button url=’https://www.reuters.com/business/futures-slip-bond-yields-rise-bofa-up-strong-consumer-lending-2022-04-18/’ target=’_blank’ style=’ghost’ background=’#010066′ color=’#010066′ size=’2′ wide=’no’ center=’no’ radius=’auto’]Read more at www.reuters.com[/su_button]

BizTech Weekly
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