Stock futures rise, Dow drops fourth week
U.S. stock futures showed mixed performance this Friday morning, as Treasury yields continued to rise. S&P 500 futures experienced a slight decline of 0.05%, while Nasdaq 100 futures edged up modestly, and Dow Jones Industrial futures increased by 3 points. Meanwhile, Asian markets saw gains in Japan and declines in Hong Kong, with Chinese and South Korean markets closed due to public holidays. The 10-year Treasury bond yields hit a record high not seen since 2007, driven by hawkish monetary policy statements, rising energy prices, and strong economic reports. Expectations of around a 68% chance of interest rate hikes in October persisted, amid signs that borrowing costs are climbing ahead of the midterm elections.
Notice: This Is an AI-Generated Summary
Comments (0)