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Market Extra: Worries about global growth outweigh report Fed moving closer to faster-than-expected tapering process

Market Extra: Worries about global growth outweigh report Fed moving closer to faster-than-expected tapering process

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Global growth worries are overshadowing a report on the possibility of a faster-than expected timeline in which the Federal Reserve could end its bond purchases by mid-2022, driving Treasury yields lower on momentum that may not reverse much anytime soon. A round of weaker-than-expected data out of China and the Taliban’s seizure of power in Afghanistan helped sour investor appetite for riskier assets on Monday, pushing all three major stock indexes SPX, -0.20% , COMP, -0.69% and DJIA, -0.04% slightly lower, though the S&P 500 and Dow Jones Industrial Average remain not far off all-time highs.

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