Press "Enter" to skip to content

U.S. Stock Futures Point to Rebound, Led by Tech Shares


U.S. stock futures climbed, pointing to a rebound after a rout in technology shares dragged the Nasdaq Composite into a correction.

Nasdaq-100 futures gained 1.7%, S&P 500 futures rose 0.9% and Dow Jones Industrial Average futures strengthened 0.6%. The contracts don’t necessarily predict moves after the markets open.

In Europe, the Stoxx Europe 600 lost 0.2% in morning trade as gains in industrials and consumer staples sectors were tempered by losses in information technology and consumer discretionary sectors.

The U.K.’s FTSE 100 was down 0.2%. Other stock indexes in Europe were mixed as France’s CAC 40 meandered around the flat line, while the U.K.’s FTSE 250 declined 0.1% and Germany’s DAX shed 0.3%.

The Swiss franc, the euro and the British pound were up 0.2%, 0.1% and 0.1% respectively against the U.S. dollar.

In commodities, Brent crude slipped 0.3% to $68.04 a barrel. Gold was up 0.9% to $1,692.50 a troy ounce.

The German 10-year bund yield fell to minus 0.294% and U.K. 10-year gilts yields fell to 0.736%. The yield on 10-year U.S. Treasury was unchanged from Monday at 1.552%. Yields move inversely to prices.

In Asia, indexes were mixed as Japan’s Nikkei 225 index added 1%, whereas Hong Kong’s Hang Seng was flat after increasing 1.7% earlier and China’s benchmark Shanghai Composite was lower 1.8%.

The New York Stock Exchange on Monday.



Photo:

Lev Radin/Zuma Press

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

WP Twitter Auto Publish Powered By : XYZScripts.com