U.S. Stock Futures Waver After Tech Rout
March 04 2021 - 4:15AM
Dow Jones News
U.S. stock futures wavered and government bond yields edged down
a day after losses in technology stocks dragged major indexes
lower.
Futures on the S&P 500 slipped 0.1% and futures on the Dow
Jones Industrial Average traded mostly flat. Changes in futures
don't necessarily predict moves after the opening bell.
Europe stocks fell Thursday after a three-day run of gains. The
Stoxx Europe 600 was down 0.5% in morning trade. Materials and
consumer discretionary sectors notched the biggest losses while
consumer staples and information technology sectors rose.
Rio Tinto Group declined 6.2% for a two-session losing streak
and Glencore declined 2.2%.
The U.K.'s FTSE 100 was down 0.6%. Other stock indexes in Europe
also mostly fell as France's CAC 40 lost 0.4%, the U.K.'s FTSE 250
shed 0.6%, and Germany's DAX fell 0.6%.
The Swiss franc and the euro slipped 0.1% and 0.2% respectively
against the U.S. dollar. Meanwhile, the British pound was flat
against the U.S. dollar, with 1 pound buying $1.39.
In commodities, international benchmark Brent crude rose 0.7% to
$64.52 a barrel. Gold was flat, at $1,715.70 a troy ounce.
The yield on German 10-year bunds declined to minus 0.307% and
the yield on U.K. 10-year gilts was down to 0.760%. The 10-year
U.S. Treasury yield declined to 1.459% from 1.469%. Bond yields and
prices move inversely.
Indexes in Asia mostly fell as Hong Kong's Hang Seng shed 1.9%,
Japan's Nikkei 225 index lost 2.1%, and China's benchmark Shanghai
Composite declined 2.1%.
An
artificial-intelligence tool
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(END) Dow Jones Newswires
March 04, 2021 04:00 ET (09:00 GMT)
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