U.S. Stock Futures Edge Down Ahead of Powell's Second Day of Testimony
February 24 2021 - 4:14AM
Dow Jones News
U.S. stock futures edged lower Wednesday ahead of Federal
Reserve Chairman Jerome Powell's second day of testimony on the
economy and monetary policy.
S&P 500 futures fell 0.1% and Dow Jones Industrial Average
futures were down 0.1%. The contracts don't necessarily predict
moves after the markets open.
In Europe, the Stoxx Europe 600 gained 0.2% in morning trade.
Industrials and energy sectors led gains while consumer staples and
materials sectors lost ground.
Solvay jumped 4.5% for a four-session run of gains and easyJet
climbed 2.3%.
The U.K.'s FTSE 100 was down 0.5%. Other stock indexes in Europe
were mixed as France's CAC 40 added 0.2% and U.K.'s FTSE 250 rose
0.3%, whereas Germany's DAX lost 0.3%.
The Swiss franc slipped 0.1% against the U.S. dollar, with 1
franc buying $1.10. Meanwhile, the euro and the British pound
strengthened 0.1% against the dollar.
In commodities, Brent crude and gold were both little
changed.
German 10-year bund yields slipped to minus 0.325% and the
10-year U.K. government debt known as gilts yield was down to
0.707%. The 10-year U.S. Treasury yield declined to 1.342% from
1.363%. Bond prices and yields move in opposite directions.
Indexes in Asia mostly slipped as Hong Kong's Hang Seng fell
2.9% after gaining 0.5% during the session, Japan's Nikkei 225
index shed 1.6%, and China's benchmark Shanghai Composite lost
2%.
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(END) Dow Jones Newswires
February 24, 2021 03:59 ET (08:59 GMT)
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