People are a bit concerned with higher Treasury yields and the possibility that U.S. interest rates will continue to rise.

The market has a very consistent forecast for a decline in interest rates and everyone is betting strongly on that. The prevailing expectation is that this may be the last chance to get into the market before rates fall, so we may see a large inflow of dollars in the short-term.

There was a rumor of a terror alert that affected U.S. stocks and raised some concern in Brazilian markets as well.

The possibility of their becoming members will depend on the interest shown by the two parties.

The market today was responding to the outlook with the increasing possibility we will see an interest-rate cut. And the day's recovery is reflecting the rebound in stocks.

The possibility of rising interest rates worries investors. For many companies there is a direct effect on their earnings and stocks can also become less attractive to bonds.