Rio Times Global Economy Briefing
The Big Three
Tech takes a breather, dragging Nasdaq down 0.60% The Nasdaq Composite fell to 26,445, leading the market lower as traders rotated out of heavyweight technology names ahead of key economic data.
Gold slips 0.70% to $4,371 with yields in check Spot gold eased even as the US 10-year Treasury yield dipped slightly to 4.696%, suggesting profit-taking rather than a macro shift on a quiet news day.
Volatility vanishes: VIX drops to 15.28 The CBOE Volatility Index fell 1.16%, signalling deep complacency in equity markets despite the modest pullback in index levels.
