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European recovery plays surge while Nasdaq-100 futures slump after U.S. Senate passes $1.9 trillion stimulus plan – MarketWatch

European stocks rose on Monday while U.S. tech stock futures slumped, with bond yields near one-year highs as the world’s largest economy was on the verge of…

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European stocks rose on Monday while U.S. technology stock futures slumped, with bond yields near one-year highs as the worlds largest economy was on the verge of adding $1.9 trillion in stimulus.The U.S. Senate over the weekend passed its version of the $1.9 trillion stimulus package, sending it back to the U.S. House for approval before President Joe Biden can sign it into law. The surge in bond yields with the 10-year Treasury
TMUBMUSD10Y,
1.603%
up 64 basis points in 2021, through Friday…

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