U.S. stock index futures pointed lower Thursday, as markets struggle against the backdrop of rising bond yields and a strong dollar.
On Wednesday, the Dow Jones Industrial Average DJIA fell 199 points, or 0.57%, to 34443, the S&P 500 SPX declined 31 points, or 0.7%, to 4465, and the Nasdaq Composite COMP dropped 148 points, or 1.06%, to 13872.What’s driving markets An unusually strong reading of the U.S. ISM services index for August on Wednesday set the stage for a further move higher in yields and another rise for the U.S. dollar DXY.
“The U.S. dollar’s appreciation adds an additional layer of complexity for the rest of the world, as not only crude prices rise, but the U.S. dollar used to trade oil gains in value as well,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. The yield on the 10-year Treasury BX:TMUBMUSD10Y was 4.27%, after closing Wednesday at its fourth-highest level of the year.Data released Thursday showed first-time jobless claims fell by 13,000 to 216,000 in the week ended Sept. 2. This is the lowest level since mid-February.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & moreHere are Thursday's biggest calls on Wall Street.
Les mer »
Stock futures are little changed as Wall Street shifts focus back to path of interest ratesRenewed investor worries sprang up Wednesday over the threat of future interest rate hikes, sparked by stronger-than-expected economic data and price reports.
Les mer »
Wall Street Journal: China bans use of iPhones for government officialsChina has banned the use of iPhones for central government officials, The Wall Street Journal reported, citing unnamed people familiar with the matter.
Les mer »
UiPath earnings top Wall Street view, forecast less soUiPath Inc. shares initially fell under pressure in the extended session Wednesday after the AI startup’s forecast overshadowed its earnings beat. UiPath...
Les mer »
How China's slowdown could hit Washington and Wall StreetThe spillover from a slowing Chinese economy “cannot just be wished away,” said Josh Lipsky, a former State Department and IMF official who’s now the senior director of the Atlantic Council's GeoEconomics Center.
Les mer »