Stock Futures Edge Higher, Treasury Yields Slip Ahead of Inflation Data
U.S. stock futures nudged higher and Treasury yields slipped as investors positioned ahead of September consumer-price inflation data due Wednesday.
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U.S. stock futures nudged higher and Treasury yields slipped as investors positioned ahead of September consumer-price inflation data due Wednesday.
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
Bitcoin traded near $83,559, down 2.3% on the day, as markets reacted to rising Treasury yields and a hawkish shift in the Fed backdrop.
U.S. benchmark crude edged lower after the EIA reported a 3.2 million-barrel withdrawal in commercial crude oil stocks last week. Gasoline inventories rose 382,000 barrels and distillate stocks fell 42,000 barrels.
Broadcom Inc. (NASDAQ: AVGO ) stock is trading lower by more than 1% during Wednesday's premarket session as risk appetite weakens across technology stocks. Nasdaq futures are down 0.68%, while S&P 500 futures have slipped 0.39%. The pullback comes as Treasury yields and oil prices rise, reviving concerns about inflati
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
Emerging-market stocks fell to an 11-day low as higher oil prices and rising bond yields weighed on sentiment. The Indonesian rupiah breached 18,000 per US dollar and Turkish equities hit an eight-month low.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Bank of America analysts said higher borrowing costs have yet to attract a broad enough buyer base for US Treasuries. They cited bearish positioning, bank selling and outflows from long-duration bond funds.
U.S. stocks look set for a positive opening on Friday, with futures of the Dow Jones, S&P 500 and Nasdaq Composite rising, after closing Thursday on a mixed note. Contributing to the optimism are comments from Iranian Foreign Minister Abbas Araghchi, who proposed to reopen the Strait of Hormuz and resume talks on a nuc
Stock-index futures edged higher while Treasury yields slipped slightly but remained near multiyear highs ahead of key U.S. inflation data.
In early European trade, U.S. stock futures rose slightly and Treasury yields fell marginally, while oil pulled back after Thursday’s rise.
Dow and S&P 500 futures edged higher while Nasdaq 100 futures slipped ahead of the August PPI report. The 10-year Treasury yield was 4.85% and the two-year yield was 4.43%; FedWatch put a 60.2% chance on a September rate hike.
U.S. futures were mixed Wednesday, with Dow Jones futures higher and S&P 500 and Nasdaq 100 futures slightly lower, as investors awaited Nvidia's second-quarter earnings and key inflation and GDP data.
S&P 500 INDEX FUTURES GAIN 0.2%, NASDAQ 100 FUTURES UP 0.5%
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s