Published on 6 Nov 2023 on Benzinga
Stocks Fight To Extend Winning Streak, Treasury Yields Rise: What's Driving Markets Monday? -...
The market looks set to extend last week’s gains, with the stock futures holding up early Monday ahead of a slew of earnings reports mostly from the small and mid-cap space. Some mega-cap techs gained ground in the premarket, which bodes well for the broader market. A Fed speech scheduled for the day could also lend direction to the market. Notwithstanding the upside in the past week, analysts remain guarded as they lament the lack of breadth in the rally.
The uptick in bond yields at the start of the week may also cause uneasiness among traders.