Despite the government's reopening, the markets are not showing optimism in today's session. NASDAQ100 futures are losing as much as 1.4%.
The main downward impulse on Wall Street is the change in expectations regarding the FED's interest rate path. The probability of a rate cut at the December meeting has already dropped to 50% from over 70% just a few weeks ago. Importantly, this is happening alongside the weakening of the dollar.
A secondary factor dampening investor sentiment is the EU's investigation into Google. The tech giant is losing as much as 3%, which is enough to exert downward pressure on the index single-handedly.
US100 (H1)
Source: xStation5
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