U.S. Stock Futures Hover After S&P 500, Nasdaq Hit Records

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U.S. stock futures paused for breath after the S&P 500 and Nasdaq Composite both reached record closes on optimism over an infrastructure deal in Washington.

S&P 500 futures traded mostly flat and futures on the Dow Jones Industrial Average rose 0.2%. Changes in futures don’t necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 edged down less than 0.1% in morning trade as gains in energy and materials sectors were balanced by losses in consumer staples and utilities sectors.

The U.K.’s FTSE 100, which is dominated by large international businesses, climbed 0.3%. Other stock indexes in Europe were muted as France’s CAC 40 and the U.K.’s FTSE 250 traded flat and Germany’s DAX edged down 0.1%.

The Swiss franc was mostly flat against the U.S. dollar, with 1 franc buying $1.09. The euro strengthened 0.1% against the dollar, with 1 euro buying $1.19. The British pound was down 0.1% against the dollar, with 1 pound buying $1.39.

In commodities, Brent crude was flat at $74.81 a barrel. Gold was up 0.2% to $1,779.90 a troy ounce.

The yield on German 10-year bunds rose to minus 0.180% and the 10-year U.K. government debt known as gilts yield gained to 0.746%. 10-year U.S. Treasury yields edged up to 1.488% from 1.486%. Yields and prices move in opposite directions.

Indexes in Asia mostly climbed as Hong Kong’s Hang Seng added 1.4%, Japan’s Nikkei 225 index rose 0.7% and China’s benchmark Shanghai Composite added 1.1%.

Both the S&P 500 and the Nasdaq Composite on Thursday closed at fresh records.



Photo:

Richard Drew/Associated Press

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