These are some of the main moves in markets:
Stocks
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- The S&P 500 Index decreased 1% to 2,802.78 as of 9:33 a.m. New York time, the lowest in more than a week on the largest dip in almost two weeks.
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- The Dow Jones Industrial Average decreased 1.2% to 23,445.11, the lowest in almost two weeks on the biggest dip in almost two weeks.
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- The Nasdaq Composite Index dipped 0.8% to 8,539.33, the lowest in more than a week.
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- The MSCI All-Country World Index decreased 1.5% to 471.29, the lowest in more than a week.
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Currencies
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- The Bloomberg Dollar Spot Index gained 0.4% to 1,251.75.
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- The Japanese yen strengthened 0.1% to 106.83 per dollar.
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- The euro decreased 0.5% to $1.0926, the largest decrease in more than two weeks.
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- The British pound decreased 0.7% to $1.2424, the weakest in more than a week.
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Bonds
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- The yield on two-year Treasuries was unchanged at 0.19%, the lowest in more than eight years.
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- The yield on 10-year Treasuries rose two basis points to 0.63%, the biggest advance in a week.
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- Germany’s 10-year yield gained four basis points to -0.55%, the largest climb in more than a week.
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- Britain’s 10-year yield declined one basis point to 0.237%.
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Commodities
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- West Texas Intermediate crude fell 1.4% to $19.50 a barrel.
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- Gold strengthened 0.3% to $1,706.22 an ounce.
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Here are some key events coming up:
- Regional Federal Reserve chiefs are due to speak, including Charles Evans and James Bullard.
- The Reserve Bank of Australia has a policy decision on Tuesday and the Bank of England on Thursday.
- Friday brings the U.S. jobs report for April, expected to show severe impact from the pandemic. The median forecast in a Bloomberg survey of economists calls for a 21 million plunge in payrolls.
