U.S. Stock Futures Edge Up After S&P 500’s Five-Day Losing Streak

The Wall Street Journal2022-12-08

U.S. stock futures edged higher Thursday, putting the S&P 500 on pace to snap a five-session losing streak, even as recession fears remain top of mind for many investors.

  • Futures tied to the S&P 500 gained 0.05%, while those tied to the Dow Jones Industrial Average lost 0.06%. Contracts tied to the Nasdaq-100 advanced 0.15%.

  • Yields on U.S. Treasury notes rose. The yield on the benchmark 10-year U.S. Treausry note rose to 3.458%, from 3.407% Wednesday. Yields rise when bond prices fall. The yield on the two-year Treasury note, which reflects short-term interest-rate expectations, rose to 4.283%.
  • In Asia, Hong Kong’s Hang Seng rallied 3.4% on reports that the city could scrap its outdoor mask mandate and ease other Covid-19 restrictions. The Shanghai Composite ticked down 0.1%. Japan’s Nikkei 225 lost 0.4%.
  • Oil prices rose, with Brent crude prices also on pace to break a five-session losing streak. Brent crude, the international benchmark for oil prices, rose 0.8% to $77.79 a barrel.
  • In Europe, the pan-continental Stoxx Europe 600 fell 0.2%.
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