U.S. Stock Futures Inch Higher

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U.S. stock futures ticked higher ahead of the first trading session after the long holiday weekend.

S&P 500 futures gained 0.1% and futures tied to the Dow Jones Industrial Average rose 0.2%. Changes in futures don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 added 0.5% in morning trade. Consumer discretionary and healthcare sectors led gains while communication services and financials sectors lost ground.

Telefónica

declined 4.2%, posted its fourth consecutive session of declines.

The U.K.’s FTSE 100, which is dominated by large international businesses, climbed 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.4%, the U.K.’s FTSE 250 gained 0.4% and Germany’s DAX climbed 0.7%.

The Swiss franc was up 0.1% against the dollar, with 1 franc buying $1.11 whereas the euro and the British pound traded flat against the U.S. dollar.

In commodities, Brent crude rose 1.4% to $70.29 a barrel. Gold was also up 0.6% to $1,916.20 a troy ounce.

German 10-year bund yields slipped to minus 0.167% and 10-year gilts yields were up to 0.824%. The 10-year U.S. Treasury yield was up to 1.623% from 1.592% on Friday. Bond yields and prices move inversely.

Stocks in Asia were mixed as Hong Kong’s Hang Seng gained 0.6% and China’s benchmark Shanghai Composite rose 0.3% after falling as much as 0.9% earlier, whereas Japan’s Nikkei 225 index was down 0.2% after trading higher 0.7% during the session.

The front of the New York Stock Exchange on May 24, 2021.



Photo:

Mark Lennihan/Associated Press

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