S&P 500 futures little changed as traders await September jobs report
US stock futures held steady Thursday, with major averages on pace for a losing week as rising bond yields weigh on equities, CNBC reported.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
S&P 500 futures were little changed as investors awaited the release of the September jobs report, CNBC reported.
The major US stock averages were on pace for a losing week, according to the report, as a renewed rise in bond yields kept pressure on equities.
CNBC's live updates did not specify the exact futures levels or which sectors were most affected by the yield increase.
The jobs report is closely watched by investors for signs of labor market strength, which can influence expectations for Federal Reserve policy.
Markets have shown sensitivity in recent sessions to shifts in Treasury yields, which affect borrowing costs and investor appetite for riskier assets such as stocks.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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