Market Snapshot: U.S. stock futures bounce back after a sluggish session

by | Jun 28, 2022 | Stock Market

U.S. stock futures rose on Tuesday, bouncing back after a sluggish session as concerns about rapid inflation continue to weigh on sentiment.What’s happening
Futures on the Dow Jones Industrial Average
YM00,
+0.52%
rose 198 points, or 0.6%, to 31619

Futures on the S&P 500
ES00,
+0.47%
added 0.6%, rose 25 points, to 3928

Futures on the Nasdaq 100
NQ00,
+0.41%
increased 0.6%, or 74 points, to 12113

On Monday, the Dow Jones Industrial Average
DJIA,
-0.20%
fell 62 points, or 0.2%, to 31438, the S&P 500
SPX,
-0.30%
declined 12 points, or 0.3%, to 3900, and the Nasdaq Composite
COMP,
-0.72%
dropped 83 points, or 0.72%, to 11525.

The S&P 500 has slumped 18% this year.What’s driving markets U.S. stocks were weighed down on Monday after a rise in bond yields. Analysts had been anticipating that month and quarter end rebalancing of portfolios would be supportive of stocks this week. “It is difficult to draw any concrete conclusions so close to quarter end, when rebalancing flows are muddying the waters,” said Marios Hadjikyriacos, senior investment analyst at XM. The yield on the 10-year Treasury
TMUBMUSD10Y,
3.229%
edged up to 3.22%. Economics data due for release includes the advanced trade in goods report as well as tw …

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