Good afternoon and welcome to Markets Desk.
Equities are finding their footing Tuesday as cooling crude oil prices and easing bond yields give investors a bit of breathing room. The S&P five hundred is up a modest fraction, the Dow adding nearly half a percent, while the Nasdaq hundred slips slightly into the red as rate-sensitive tech names lag the broader move.
Shifting to the Fed, New York Fed President John Williams is signaling he is keeping the door open to rate hikes, a posture that Fed watchers say could prove costly if the data doesn't cooperate. All eyes now fall on the upcoming jobs report and inflation print, which will tell us whether Chairman Kevin Warsh's hawkish lean has any real foundation beneath it.
Meanwhile in the cattle pits, live cattle futures dropped between sixty cents and a dollar fifty-five on the session, with open interest rising by roughly three thousand four hundred contracts, suggesting fresh selling pressure rather than liquidation. Cash trade last week printed mostly two hundred twenty to two hundred twenty-two dollars, and nothing has been reported yet for this week, leaving traders watching the midweek window closely.
That's the tape. Markets Desk, signing off the floor.
