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Stock futures are little changed after major averages snap three-day losing streaks

1 d ago

U.S. equity futures were little changed Wednesday evening after the major averages snapped a three-day losing run sparked by rising Treasury yields amid renewed U.S.-Iran hostilities, with S&P 500 futures up 0.02%, Dow futures gaining 19 points (0.04%), and Nasdaq 100 futures rising 0.03%. In regular trading Wednesday, the Dow Jones Industrial Average gained nearly 300 points (0.6%), while the S&P 500 and Nasdaq Composite each added 0.5%, ending a three-day slump. Asian markets showed mixed results: South Korea's Kospi rose 0.86%, Japan's Nikkei 225 was flat, and Australia's S&P/ASX 200 edged up 0.12%. Treasury yields hit multi-year highs, with the 2-year yield reaching 4.41% (highest since January 2025) and the 10-year yield briefly touching 4.818% (highest since November 2023), though both retreated from session peaks. Oil prices rose modestly, with West Texas Intermediate futures closing just above $91 a barrel, up 0.9%. New York Federal Reserve President John Williams attributed higher yields to a strong U.S. economy and robust outlook fueled by investments in AI, data centers, and technology, rather than tightening financial conditions. Geopolitical tensions remained a focus after U.S. and Iran exchanged strikes, reversing a prior shift toward economic sanctions. Investors now await Thursday's weekly jobless claims and Friday's August payrolls report. Earnings reports are due from Ciena, Campbell's, Zscaler, Docusign, and UiPath.