PT Solid Gold Berjangka | Stock-index futures struggle to rebound as Treasury yields hold near 16-year highs, Fed meeting eyed
U.S. stock futures were a tad firmer on Monday, but caution prevailed as bond yields rose and traders looked ahead to Wednesday’s Fed comments.
S&P 500 futures rose 6 points, or 0.1% to 4504
Dow Jones Industrial Average futures added 41 points, or 0.1% to 34968
Nasdaq 100 futures gained 25 points, or 0.2% to 15417
On Friday, the Dow Jones Industrial Average fell 289 points, or 0.83%, to 34618, the S&P 500 declined 55 points, or 1.22%, to 4450, and the Nasdaq Composite dropped 218 points, or 1.56%, to 13708.
Stocks were struggling to rebound from their latest sharp sell-off as benchmark bond yields inched back towards 16-year highs and investors eyed a busy week of central bank action.
The S&P 500 dropped 1.2% on Friday after recent stronger-than-expected economic news alongside rising oil prices raised concerns that inflation may stay stubbornly above the federal Reserve’s 2% target.
Source: Marketwatch
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