Stocks Steady as Commodities Retreat on Taper Bets: Markets Wrap

Stocks Steady as Commodities Retreat on Taper Bets: Markets Wrap

(Bloomberg) — Stocks were steady with U.S. futures on Monday, while commodities slumped as investors weighed concerns about a pullback in stimulus and a resurgence in the fast-spreading delta virus variant.

The Stoxx 600 Index opened little changed as gains in technology firms offset declines in energy shares and miners. Crude oil extended last week’s decline — its worst since October — on concern the delta virus strain will hamper demand growth.

Precious metals sold off, with gold…


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