close
close

Semainede4jours

Real-time news, timeless knowledge

Stock Market Today: Dow futures tread water as Treasury yields hover near 4-month highs ahead of Powell speech
bigrus

Stock Market Today: Dow futures tread water as Treasury yields hover near 4-month highs ahead of Powell speech

How to trade stock index futures:

S&P 500 futures rose 0.1 percent.

Dow Jones Industrial Average futures are up 0.1%.

Nasdaq 100 futures gained 0.1 percent.

on wednesdayThe Dow Jones Industrial Average rose 47 points, or 0.11%, to 43,958 points, the S&P 500 gained 1 point, or 0.02%, to 5,985 points and the Nasdaq Composite fell 51 points, or 0.26%, to 19,231 points.

Futures suggest another quiet start to trading on Wall Street as post-election turmoil is kept in check with benchmark Treasury yields near 4.5%.

As the market assesses the potential impact of President-elect Trump’s immigration, tax cuts and tariff proposals, traders’ wariness against inflation is once again increasing.

The rise in Treasury bond yields also Consumer prices report released on Wednesday It shows that the pace of annual price increases in October increased from 2.4% to 2.6% compared to the previous month.

With that in mind, investors will want to hear what Federal Reserve Chairman Jerome Powell has to say in his speech at 3 p.m. Eastern time.

Rising Treasury yields pushed the dollar index to 106.90, approaching the highest level in the last two years.

“The cloudy outlook for inflation has also supported the dollar, which could impact future Fed rate cuts,” said Kathleen Brooks, director of research at XTB.

“The stock market rally is on pause, but volatility in U.S. equities remains low, so we don’t think we’ll see any significant downside in U.S. equities from here,” Brooks added.