US STOCKS-Wall St Set to Snap Three-Day Streak of Losses Despite Middle East Clashes
Traders weighed rising Treasury yields, Iran tensions and earnings moves as S&P 500, Dow and Nasdaq futures held near flat, officials said.
- On Wednesday night, U.S. stock futures remained little changed after the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite snapped a three-day losing streak during regular trading.
- Rising Treasury yields and geopolitical fighting between the U.S. and Iran previously pressured markets, though major averages rebounded with 0.5% gains during Wednesday's session.
- Corporate earnings drove notable market activity after the bell; chipmaker Broadcom climbed back to break-even, while Snowflake shares surged more than 20% following strong second-quarter results.
- New York Federal Reserve President John Williams attributed rising yields to a "strong U.S. economy," while Council on Foreign Relations president emeritus Richard Haass said, "I'm finding it hard to make real sense of it."
- Traders focus on Thursday's weekly jobless claims report, followed by the main economic data event: August's payrolls report scheduled for release on Friday.
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The New York Stock Exchange closed with gains, ending the negative streak of recent sessions. The Dow Jones Industrial Average closed with a gain of 295.07 points (+0.56%), at 53,061.95 points. The Nasdaq index, dominated by technology companies, closed with a gain of 118.05 points (+0.45%), at 26,217.82 points. The broader S&P 500 index, indicative of the general trend, closed with a gain of 35.13 points (+0.46%), at 7,666.60 points. Read more …
Reformatorisch Dagblad
welingelichtekringen.nlWall Street regained some ground on Wednesday after a three-day losing streak. According to experts, investors went bargain hunting. Due to the losses of the past few days, some stocks suddenly appeared attractively priced. However, the price gains were somewhat tempered by a wave of selling in the bond market.
Wall Street futures trade flat today: 5 things to know before the market opens
US stock futures were little changed on Thursday as investors weighed a retreat in oil and Treasury yields against fresh uncertainty from the Middle East and mixed signals from major technology earnings. Dow futures rose about 0.1%, while S&P 500 and Nasdaq 100 contracts gained roughly 0.1% and 0.2%, respectively, after Wall Street snapped a three-session losing streak on Wednesday. Brent crude remained near $95 a barrel, keeping inflation risks…
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