U.S. equity futures retreated and Asian stocks were mixed Tuesday following weakness among the technology giants on Wall Street. The dollar rallied.
Shares rose in Hong Kong, Australia and South Korea. Taiwan’s benchmark pared intraday losses as steep as 3.3%, with investors trimming risk after the index beat all major global peers in April. Japan and China were among markets closed for holidays. U.S. contracts fell after the S&P 500 ended near session lows and shares such as Tesla Inc. and Amazon.com Inc. weighed on the Nasdaq 100. European futures fluctuated.
Ten-year Treasury yields dropped back to around 1.6% in U.S. trade amid comments from Federal Reserve Chair Jerome Powell that the economic recovery is patchy.
A gauge of commodity prices is at the highest level since 2012. Silver and gold gave up some of their earlier advance, while oil held gains of more than 1%. Digital token Ether extended its surge to set another record.
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