Risk-off futures, rates and gold bid
Nasdaq 100 futures are down about 1.5-2%, to the lowest since July 26. Gold is up and the 2-year yield is lower, while traders urge capital preservation.
What we know
An account on X shows S&P -0.9%, Nasdaq -1.9%, Gold +0.7%. The 2-year yield fell 6bps and the dollar slid against the yen. Another account on X calls it a capital-preservation market, and another account on X floats gold as the trade on reduced Iran risk.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.