U.S. Stock Futures Hover Following Tech Rally
10 March 2021 - 08:19PM
Dow Jones News
U.S. stock futures were little changed after a rally led by
technology stocks in the previous session lifted major indexes.
S&P 500 futures traded broadly flat and futures tied to the
Dow Jones Industrial Average gained 0.1%. Changes in equity futures
don't necessarily predict moves after the opening bell.
In Europe, the Stoxx Europe 600 lost 0.3% in morning trade.
Consumer discretionary and information technology sectors posted
the main losses while consumer staples and utilities sectors
rose.
WH Smith slipped 2%.
The U.K.'s FTSE 100 was down 0.6%. Other stock indexes in Europe
were mixed as France's CAC 40 meandered near the flat line,
Germany's DAX was broadly flat and the U.K.'s FTSE 250 shed
0.5%.
In the U.S., videogame provider Roblox Corp.'s stock will begin
trading Wednesday under the symbol RBLX. The shares are trading
through a direct listing, bypassing the traditional route of an
initial public offering.
The Swiss franc and the euro dropped 0.1% and 0.2% respectively
against the U.S. dollar. Meanwhile, the British pound strengthened
0.1% against the U.S. dollar, with 1 pound buying $1.39.
In commodities, international benchmark Brent crude fell 0.8% to
$66.95 a barrel. Gold was also down 0.5% to $1,708.70 a troy
ounce.
The German 10-year bund yield rose to minus 0.297% and the
10-year U.K. government debt known as gilts yield was down to
0.727%. 10-year U.S. Treasury yields edged up to 1.548% from
1.545%. Bond prices and yields move in opposite directions.
Stocks in Asia were mixed as Hong Kong's Hang Seng added 0.2%
and Japan's Nikkei 225 index was largely flat, whereas China's
benchmark Shanghai Composite was flat after increasing 0.9% during
the session.
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(END) Dow Jones Newswires
March 10, 2021 04:04 ET (09:04 GMT)
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