Dow Futures Dip, Treasury Yields Surge: Wall St Likely to Open Lower on Thursday

  • Investing.com
  • Stock Market News
Dow Futures Dip, Treasury Yields Surge: Wall St Likely to Open Lower on Thursday
Credit: © Reuters.

By Malvika Gurung

Investing.com -- U.S. stock futures traded lower during the pre-opening session on Thursday, with Dow Futures trading 0.28% or 85 points lower at 6:40 pm (Indian Standard Time), indicating Wall Street to open on a negative note.

S&P 500 Futures slid 0.36% or 13.75 points at the time of writing and Nasdaq 100 futures slipped 0.23%. The benchmark 10-year bond yield surged 0.32% and US 2-year bond yield jumped 0.4%.

The US Labour Department released the weekly jobless claims for last week, which came out to be higher than expected.

The number of people claiming unemployment benefits staggered last week, threatening to break a three-month trend of falling claims that created an impression of exceptional labour market strength, stated Geoffrey Smith of Investing.com.

Initial jobless claims rose by 29,000 from a downwardly revised 190,000 to hit 219,000, their highest in five weeks. Continue reading

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles