U.S. Stock Futures Point to Rebound, Led by Tech Shares
09 March 2021 - 8:11PM
Dow Jones News
U.S. stock futures climbed, pointing to a rebound after a rout
in technology shares dragged the Nasdaq Composite into a
correction.
Nasdaq-100 futures gained 1.7%, S&P 500 futures rose 0.9%
and Dow Jones Industrial Average futures strengthened 0.6%. The
contracts don't necessarily predict moves after the markets
open.
In Europe, the Stoxx Europe 600 lost 0.2% in morning trade as
gains in industrials and consumer staples sectors were tempered by
losses in information technology and consumer discretionary
sectors.
The U.K.'s FTSE 100 was down 0.2%. Other stock indexes in Europe
were mixed as France's CAC 40 meandered around the flat line, while
the U.K.'s FTSE 250 declined 0.1% and Germany's DAX shed 0.3%.
The Swiss franc, the euro and the British pound were up 0.2%,
0.1% and 0.1% respectively against the U.S. dollar.
In commodities, Brent crude slipped 0.3% to $68.04 a barrel.
Gold was up 0.9% to $1,692.50 a troy ounce.
The German 10-year bund yield fell to minus 0.294% and U.K.
10-year gilts yields fell to 0.736%. The yield on 10-year U.S.
Treasury was unchanged from Monday at 1.552%. Yields move inversely
to prices.
In Asia, indexes were mixed as Japan's Nikkei 225 index added
1%, whereas Hong Kong's Hang Seng was flat after increasing 1.7%
earlier and China's benchmark Shanghai Composite was lower
1.8%.
An
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(END) Dow Jones Newswires
March 09, 2021 03:56 ET (08:56 GMT)
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