Dow futures point to 200-point rise at Friday open
Stock-index futures pointed higher Friday, but Wall Street was still on track for weekly losses, as U.S. Treasury yields recovered from multi-year lows and investors continue to track U.S.-China trade negotiations.
Through Thursday, the S&P 500 was holding a 2.4% loss for the week, while the Dow was off 2.7% and the Nasdaq was down 2.7%. A brief inversion Wednesday of the main measure of the yield curve, with the 10-year yield dipping below the 2-year, was blamed for contributing a stock-market rout. An overall decline in yields, tied in part to a global flight to safety amid economic worries, also added to the gloom, analysts said. On Friday, the 10-year yield TMUBMUSD10Y, +1.04% was up 2.6 basis points at 1.558%. Yields and debt prices move in opposite directions.
The economic calendar features data on July housing starts and building permits at 8:30 a.m. Eastern Time. Economists polled by MarketWatch forecast starts to come in at a 1.25 million annual pace, off slightly from 1.253 million in June. Permits are seen at a 1.287 million pace versus 1.22 million.Which stocks are in focus? Shares of farm-equipment maker Deere & Co. DE, +0.38% were off 3.6% in premarket after it topped expectations for revenues, but fell short on earnings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dow drops 800 points as Wall Street suffers worst day of year on recession fearsThe stock market retreated in response to the yield curve inversion, triggered by ongoing geopolitical turmoil and sluggish economic growth worldwide.
Baca lebih lajut »
200 inmates riot at California prison; dozens injuredEight inmates were hospitalized but are stable, and others suffered minor injuries. Prison officials say four 'inmate-manufactured weapons' were found.
Baca lebih lajut »
Dow posts biggest one-day point drop since OctoberWall Street sold off sharply on Wednesday, with the Dow registering its largest ...
Baca lebih lajut »
Dow futures down over 400 points on weak Chinese, German economic data, U.S. yield-curve inversionU.S. stocks seen declining following an inversion of the Treasury yield curve
Baca lebih lajut »
Dow slumps 800 points after bonds flash recession warningStocks plummeted amid worsening economic fears after US Treasury yields briefly flashed a warning sign for a coming recession.
Baca lebih lajut »