US Stock Futures Mixed as Treasury Yields Surge; Micron Boosts Tech
US stock futures traded mixed on Thursday as the new month began with Treasury yields reaching multi-year highs. Strong earnings from Micron Technology provided support for technology stocks.
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12:19:23 PM UTC
SquawkNews
By Johann M Cherian and Tharuniyaa LakshmiU.S. stock index futures rose on Thursday, buoyed by gains in chip and consulting stocks, even as inflation and mounting government debt concerns pushed Treasury yields to more than two-decade highs.Micron Technology's NASDAQ:MU better-than-expected revenue…
12:35:15 PM UTC
SquawkNews
By Alun John and Amanda CooperGlobal bond markets came under a brief bout of early pressure on Thursday that kept Treasury yields at their highest in decades, while stocks were relatively unscathed thanks to AI chipmaker Micron's blockbuster earnings that supported tech shares.The 10-year US Treasu…
US stock futures were mixed on Thursday, October 1, as investors opened the new trading month with Treasury yields rising to multi-year highs, while strong results from Micron Technology supported technology shares. 2%, while S&P 500 futures were little changed.