U.S. stock futures diverge as Treasury yields reach two-decade highs

  • U.S. stock futures diverged Thursday as October trading began after September losses.
  • The 10-year Treasury yield reached 5.338%, its highest level since April 2002.
  • Nike will report quarterly results after Thursday’s market close, followed by September jobs data Friday.

U.S. stock futures moved in different directions Thursday as Treasury yields climbed to levels last seen more than two decades ago, opening a new trading month after an uneven September for equities. S&P 500 futures rose 0.29%, Nasdaq-100 futures gained 0.60% and Dow futures slipped 0.04%. The 10-year Treasury yield touched 5.338%, its highest level since April 2002, before retreating, while the 30-year yield reached 5.64%. Brent crude traded near $100.47 a barrel. Rising yields, driven in part by concerns about widening fiscal deficits, also unsettled European bond markets before the moves eased. In September, the S&P 500 fell 0.5% and the Dow dropped 4.3%, while the Nasdaq rose 1.9%; during the third quarter, the S&P 500 and Nasdaq each gained about 2%, while the Dow declined 2.7%. Investors are weighing persistently high yields and the Federal Reserve's upcoming policy decision against moderating inflation and resilient corporate earnings. Thursday's calendar includes initial jobless claims, followed Friday by the September employment report, while Nike is scheduled to report quarterly results after the close.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
U.S. stock futures diverge as Treasury yields reach two-decade highs - CoinPost Terminal