U.S. stock futures experienced a slight uptick on Thursday as the market aimed to regain stability following a session of losses. Futures linked to the S&P 500 saw a 0.5% increase, while Nasdaq-100 futures advanced by 0.9%. On the other hand, Dow Jones Industrial Average futures saw a 0.1% decrease.
Apple shares saw a rise of over 2% in premarket trading after Bank of America upgraded them to a buy rating, predicting a potential upside of more than 20% within the next 12 months.
Wall Street faced a session of losses for the major averages as Treasury yields increased. In the previous day, the Dow saw a 0.25% drop, marking its third consecutive loss. Meanwhile, the S&P 500 and the Nasdaq Composite experienced declines of 0.56% and 0.59% respectively. This marked back-to-back days of losses for the S&P 500 and Nasdaq indices.
Source (CNBC)
