MSCI Nordic Countries Index fell by 0.2%, closing at 377.57 points

Morgan Stanley believes that since February, U.S. Treasury yields have risen by 120 basis points in total, with a stronger dollar and high oil prices further tightening financial conditions. The bond market is currently replacing the Federal Reserve in exerting tightening pressure. Whether U.S. stocks can rebound depends on two key signals: whether the MOVE index falls back and whether JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo can deliver positive earnings reports. Wilson believes that market concerns over recession risks may be excessive and that there is still room for improvement in U.S. equities.