Last week, in Thursday’s trading, American stock index futures saw a rise, signaling a potential recovery for Wall Street after two consecutive days of losses, as investors ponder the implications of the Federal Reserve’s comments.
As of 05:25 AM Eastern Time (09:25 AM Greenwich Mean Time), the S&P 500 futures contract gained 7 points, or 0.14%, while the Dow futures rose by 39 points, or 0.11%, and the Nasdaq 100 futures increased by 28 points, or 0.19%.
During the previous session, major indices declined as some traders expressed concerns that the minutes from the Federal Reserve’s meeting might indicate that the bank has not yet concluded its years-long policy tightening campaign. The S&P 500, the benchmark index, dropped by 0.76%, the 30-stock Dow Jones fell by 0.52%, and the technology-focused Nasdaq Composite decreased by 1.15%.
Meanwhile, worries about further interest rate hikes have led to the yield on 10-year U.S. Treasury bonds reaching its highest level in 15 years on the New York Stock Exchange. The yield continued to rise during Thursday’s Asian trading session.
These developments suggest a dynamic and evolving market, with investors closely monitoring the Federal Reserve’s comments and their potential impact on stock futures and bond yields. It remains to be seen how the market will respond in the coming days.