Thursday, February 22, 2024
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As Investors Anticipate Tech Earnings, Stock Futures Increase

Tuesday saw a rise in stock futures as traders kept an eye on the latest developments in Treasury yields and investors concentrated on the impending round of earnings announcements.

95 points, or 0.3%, were added by futures linked to the Dow Jones Industrial Average. S&P 500 futures and Nasdaq 100 futures both increased by 0.4% and 0.6%.

The developments come after a mixed session on Wall Street during which investors continued to monitor the 10-year Treasury yield in the United States, which briefly surged above 5% before sliding below it. In recent weeks, the stock market has been under pressure due to rising yields that have sparked worries about the health of the overall economy. Tuesday saw a little increase in the benchmark rate, which now stands at 4.848%.

The Dow and S&P 500 both lost ground on Monday, with losses of around 0.6% and 0.2%, respectively. However, due to investor interest in the sector due to impending significant earnings announcements, the technology-heavy Nasdaq Composite was able to close up roughly 0.3%.

Source (CNBC )

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