U.S. equities snapped a three-day losing streak Wednesday after the Treasury announced major debt buybacks, sending long-dated bond yields sharply lower and triggering a broad market rebound. The S&P 500, Nasdaq, and Dow all gained modestly, while Moderna skyrocketed 176% on positive trial data. Fed minutes signaled rate-hike concerns if inflation doesn't cool.
→ After-hours action in semiconductor and tech stocks as Treasury relief may not fully offset elevated borrowing-cost concerns for high-growth names
→ Canadian tariff negotiations over next three days—any deal announcement could reignite risk-on trading Friday
→ Tomorrow's economic data flow and any Fed commentary for signs on inflation trajectory heading into Jackson Hole symposium next week