Stock Market Today – 6/21: Stocks Surge As Bond Yields Ease, But Recession Concerns Linger

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The Street

By Martin Baccardax Stocks look set to rebound firmly from their worst week in more than two years, but traders remain worried about near-term recession risk and are closely-eying moves in Treasury bond yields. U.S. equity futures rebounded firmly Tuesday, following on from the worst week on Wall Street in more than two years, as investors eased back into risk markets despite persistent concerns over growth and inflation and fears of a near-term recession. The U.S. dollar index, which tracks the greenback against a basket of six global currency peers and often acts as a proxy for risk appetite…

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