[ad_1]
US stock index futures reported a lower opening on Thursday, down slightly after five consecutive days of gains for the Dow Jones Industrial Average, a rally that brought the first-rate average to new highs.
Where are the main landmarks traded?
Futures for the Dow Jones Industrial Average
YMU9, + 0.00%
fell 115 points, or 0.4%, to 26,758. Futures on the S & P-500
ESU9, + 0.11%
lost 13.10 points to 2.918.50, a decline of 0.5%. Future Nasdaq-100
NQU9, + 0.17%
lost 48.25 points, or 0.6%, to 7 616.25.
Shares gained ground on Wednesday with the Dow
DJIA, -0.39%
recording his 15th record this year. Wall Street was buoyed by solid economic data, but stocks ended their highs in session as government bond yields jumped, a factor likely to dampen stock appetite for the years to come up.
What is the engine of the markets?
Bond yields are likely to remain topical on Thursday. The 10-year US Treasury Note yield rose 4.9 basis points to 3.21%, its highest level since 2011. This change comes a day after its biggest one-day increase. since November 2016. Investors opted for the dumping of bonds in the economy.
Lily: 3 reasons why US government bond yields soar
Higher returns can dampen enthusiasm for equities as it provides higher returns for investors seeking income without the risk or volatility inherent in equities.
According to the latest economic data, the number of jobless claims has fallen by 8,000 over the past week and remains close to the lowest levels in several decades. The report follows Wednesday's robust reading of private sector employment and the eve of the September employment report, closely followed.
At 10:00, August factory order data will be released, with an expected growth of 2.2%.
Randal Quarles, vice president of the Federal Reserve for Supervision, is scheduled to speak at 9:15 am, a day after Charles Evans, the Chicago Fed president, reiterated his optimistic outlook for the economy, arguing that the US central bank should probably policy that prevents overheating of the economy.
Do not miss: Fed Chairman Powell has cost investors $ 1.5 trillion in 2018, according to JPMorgan analysts
What do market analysts say?
"We have received very strong data and comments from the Fed, which is optimistic for the stock, but it also has the side effect of making people believe we should expect more inflation." and rising interest rates, which is negative for equities. Said Randy Frederick, vice president of trading and derivatives for Charles Schwab. "The long-term uptrend remains intact, but given these issues, the margin for short-term growth is limited, especially as the markets are close to or near record highs."
What stocks are under discussion?
Cloudera Inc.
COOL, + 16.39%
and Hortonworks Inc.
HDP, + 16.73%
Wednesday night announced a merger agreement. Cloudera shares jumped 27% in pre-market trading while Hortonworks was up 1.8%.
Actions of Barnes & Noble Inc.
BKS + 26.56%
The bookstore chain said its board of directors had decided to join a formal review process to evaluate the "strategic alternatives" for the company.
Eli Lilly & Co.
THERE IS, + 4.98%
announced the positive results of a trial of his diabetes treatment. The stock advanced 3.1% in the pre-sale market and was about to set record levels.
Actions of Arrowhead Pharmaceuticals Inc.
ARWR, -8.78%
17% before the bell after signing a $ 3.7 billion licensing and cooperation agreement with Janssen Pharmaceuticals Inc. to develop and market its ARO-HBV treatment for the treatment of hepatitis B chronic.
Comcast Corp.
CMCSA, + 0.06%
agreed to buy 21st Century Fox Inc.
FOX, -0.34%
participation in Sky PLC for $ 15.1 billion, after defeating Fox in a bidding war for the British firm.
Pier 1 Imports Inc.
PIR -1.79%
On Wednesday night, the loss in the second quarter increased from last year and was higher than expected, as well as lower than expected revenue.
Where are the other markets traded?
Asian stocks ended down, Hang Seng Hong Kong index
HSI, -1.73%
down 1.7%. The main European indices were also down on the day.
Crude oil price
CLK9, -0.83%
slightly down from a four-year high, while gold
GCM9, + 0.40%
was little changed the day. The US dollar index
DXY, -0.29%
increased by 0.1%.
Provide essential information for the US trading day. Subscribe to the free MarketWatch Need to Know newsletter. Register here.
Source link
