U.S. stock futures nudged higher early Thursday after falling to a six-week trough amid rising bond yields.How are stock-index futures trading
S&P 500 futures
ES00,
+0.20%
rose 6 points, or 0.1%, to 4426
Dow Jones Industrial Average futures
YM00,
+0.20%
added 50 points, or 0.1%, to 34871
Nasdaq 100 futures
NQ00,
+0.20%
gained 29 points, or 0.2%, to 14971
On Wednesday, the Dow Jones Industrial Average
DJIA
fell 181 points, or 0.52%, to 34766, the S&P 500
SPX
declined 34 points, or 0.76%, to 4404, and the Nasdaq Composite
COMP
dropped 156 points, or 1.15%, to 13475.
What’s driving markets Bonds have resumed command of the stock market of late, and with yields continuing to rise in early Thursday trading it left equity futures struggling to rally with any conviction. The S&P 500 closed on Wednesday at its lowest in about six weeks after benchmark government bond yields hit their highest in 15 years following minutes from the Federal Reserve that suggested the central bank was minded to keep raising borrowing costs to damp inflation. Recent stronger-than-expected economic data and Fed comments “has led some investors to reconsider whether the fact that markets had been pricing in victory against inflation came too early, and in any event whether higher rates could rema …
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S&P 500 futures
ES00,
+0.20%
rose 6 points, or 0.1%, to 4426
Dow Jones Industrial Average futures
YM00,
+0.20%
added 50 points, or 0.1%, to 34871
Nasdaq 100 futures
NQ00,
+0.20%
gained 29 points, or 0.2%, to 14971
On Wednesday, the Dow Jones Industrial Average
DJIA
fell 181 points, or 0.52%, to 34766, the S&P 500
SPX
declined 34 points, or 0.76%, to 4404, and the Nasdaq Composite
COMP
dropped 156 points, or 1.15%, to 13475.
What’s driving markets Bonds have resumed command of the stock market of late, and with yields continuing to rise in early Thursday trading it left equity futures struggling to rally with any conviction. The S&P 500 closed on Wednesday at its lowest in about six weeks after benchmark government bond yields hit their highest in 15 years following minutes from the Federal Reserve that suggested the central bank was minded to keep raising borrowing costs to damp inflation. Recent stronger-than-expected economic data and Fed comments “has led some investors to reconsider whether the fact that markets had been pricing in victory against inflation came too early, and in any event whether higher rates could rema …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]