The markets witnessed a volatile and quiet trading session in the opening session of the markets yesterday, Monday, February 7th, as the three major stock indices lost their opening gains at the close amid the absence of strong data and statements affecting the markets’ legacy, as the markets await US inflation data by the end of the week in addition to the continuation of the quarterly results of companies and financial institutions for the year 2021 and the last quarter.

The rise in the yield on US treasury bonds in the opening session put pressure on stocks by the end of the session, as the yield on ten-year treasury bonds rose to the highest level since August 2019 at 1.95, with rising fears of continued high inflation in the United States of America, and thus rising expectations of a stronger tightening from the Fed. American.

Shares of the technology sector pressured the Nasdaq index, which incurred the largest loss among the main indices, as Meta or Facebook shares lost about 5.14% at closing at levels of $224.91, while Google shares lost about 2.86% at closing at levels of 2.784 thousand dollars, and Microsoft stock ended the session at levels of 300.95 A thousand dollars, a loss of 1.63%.

This week, companies are awaiting the announcement of many companies and financial institutions to disclose their quarterly financial results, such as the vaccine companies Pfizer and AstraZeneca and companies such as Uber, Twitter, Coca-Cola, Cisco, Honda and many more.

The Dow Jones Industrial Average closed up by about (1.39) points at the close at 35.091 levels, with gains of about 0.01%, and it is now trading in futures for today’s session, Tuesday, at 34,940 levels, down by about 29 points.

While the S&P 500 index recorded declines at the close at 4.483 levels, down by 16 points or 0.37%, and it is now trading in Futures at 4.471 levels, down by about 5 points.

While the Nasdaq index recorded losses by (82 points) to close the session at 14.015 points, recording declines of about 0.58%, and it is now trading in the futures, down by about 18 points.