Stock Futures Edge Higher as Dow Set for Fourth Straight Weekly Decline
U.S. stock futures ticked up Thursday even as the Dow remained on track for its fourth consecutive weekly loss amid rising bond yields.
U.S. stock futures moved slightly higher Thursday, even as the Dow Jones Industrial Average remained on pace for its fourth straight losing week, according to CNBC.
Bond yields continued to climb during the session, a trend that has weighed on equity markets in recent weeks as investors reassess expectations around interest rates. The Nasdaq Composite and the S&P 500, meanwhile, traded largely flat on the day, showing less movement than the Dow.
The divergence between the modestly higher futures and the Dow's weekly losing streak points to uneven sentiment across different corners of the market, with some sectors more sensitive than others to the rise in yields.
CNBC's live markets coverage did not report additional detail on the specific factors driving the yield increase or which sectors were most affected during Thursday's session.
Sources
- Stock futures tick higher, but Dow heads for fourth straight losing week: Live updates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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