U.S. stock futures were steady Friday after a rough session, ahead of an eagerly awaited speech from Federal Reserve Chair Jerome Powell.What’s happening
Dow Jones Industrial Average futures
YM00,
+0.17%
rose 62 points, or 0.2%, to 34202.
S&P 500 futures
ES00,
+0.17%
gained 6 points, or 0.1%, to 4392.
Nasdaq 100 futures
NQ00,
+0.06%
decreased 5 points, or 0%, to 14857.
On Thursday, the Dow Jones Industrial Average
DJIA
fell 374 points, or 1.08%, to 34099, the S&P 500
SPX
declined 60 points, or 1.35%, to 4376, and the Nasdaq Composite
COMP
dropped 257 points, or 1.87%, to 13464.
What’s driving markets The bottom fell out of stocks on Thursday, though the S&P 500 is still higher on the week. Even Nvidia stock struggled to remain higher on the day after the chipmaker reported results and an outlook miles ahead of Wall Street estimates. According to Bespoke Investment Group, the Nasdaq Composite has now failed to get back above its 50-day moving average four times since breaking that level two weeks ago. Besides the technical struggles, stocks have suffered as bonds have sold off. The 10-year yield
BX:TMUBMUSD10Y
on Thursday reached its sixth highest level of the year. As data shows the economy’s strong resilience, bonds also have suffered as the Fede …
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Dow Jones Industrial Average futures
YM00,
+0.17%
rose 62 points, or 0.2%, to 34202.
S&P 500 futures
ES00,
+0.17%
gained 6 points, or 0.1%, to 4392.
Nasdaq 100 futures
NQ00,
+0.06%
decreased 5 points, or 0%, to 14857.
On Thursday, the Dow Jones Industrial Average
DJIA
fell 374 points, or 1.08%, to 34099, the S&P 500
SPX
declined 60 points, or 1.35%, to 4376, and the Nasdaq Composite
COMP
dropped 257 points, or 1.87%, to 13464.
What’s driving markets The bottom fell out of stocks on Thursday, though the S&P 500 is still higher on the week. Even Nvidia stock struggled to remain higher on the day after the chipmaker reported results and an outlook miles ahead of Wall Street estimates. According to Bespoke Investment Group, the Nasdaq Composite has now failed to get back above its 50-day moving average four times since breaking that level two weeks ago. Besides the technical struggles, stocks have suffered as bonds have sold off. The 10-year yield
BX:TMUBMUSD10Y
on Thursday reached its sixth highest level of the year. As data shows the economy’s strong resilience, bonds also have suffered as the Fede …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]