At around 02:30 a.m. ET, Dow futures rose 156 points, indicating a positive open of more than 164 points. Futures on the S&P and Nasdaq were both higher.
Wall Street closed Thursday's session on a more positive note, reverting some of the steep losses seen earlier in the week. However, market sentiment remains volatile to developments in the bond market.
Investor sentiment turned more negative when the U.S. 2-year/10-year Treasury yield curve inverted — a market phenomenon often considered a recession indicator. The U.S. 30-year Treasury yield dropped to a record low on Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors seek safe haven assets.
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