Stock Futures Plunge and Traders Look for Answers

May 4, 2021 8:01 AM EDT

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Stock futures sold off rapidly over the past several minutes. Traders were passing around the following items to explain the drop.

  • rising inflation fears
  • Biden Treasury aides acknowledge that tax hikes in his plan for corporations and the wealthy will discourage some economic activity
  • Chinese military aircraft entered Taiwan's air defense identification zone
  • BofA Securities highlighted client flow data showing 'extreme' hedge fund selling


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