{"id":109907,"date":"2024-12-27T14:54:42","date_gmt":"2024-12-27T10:54:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109907"},"modified":"2024-12-27T14:54:44","modified_gmt":"2024-12-27T10:54:44","slug":"u-s-stock-futures-slip-amid-soft-trading-and-rising-treasury-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-stock-futures-slip-amid-soft-trading-and-rising-treasury-yields\/12\/27\/market-updates\/","title":{"rendered":"U.S. Stock Futures Slip Amid Soft Trading and Rising Treasury Yields"},"content":{"rendered":"\n

<\/p>\n\n\n\n

\n\n\n\n

Key Points<\/strong><\/h3>\n\n\n\n
    \n
  1. Futures Market Movement<\/strong>:\n
      \n
    • S&P 500 Futures<\/strong>: Down 0.1% to 6,090.0 points<\/strong>.<\/li>\n\n\n\n
    • Nasdaq 100 Futures<\/strong>: Declined 0.3% to 21,985.75 points<\/strong>.<\/li>\n\n\n\n
    • Dow Jones Futures<\/strong>: Edged lower by 0.1% to 43,668.0 points<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Wall Street Overview<\/strong>:\n
        \n
      • The major indices were largely unchanged during Thursday’s session.<\/li>\n\n\n\n
      • S&P 500<\/strong>: Flat at 6,037.59 points<\/strong>.<\/li>\n\n\n\n
      • NASDAQ Composite<\/strong>: Slightly lower by 0.1%, closing at 20,020.36 points<\/strong>.<\/li>\n\n\n\n
      • Dow Jones Industrial Average<\/strong>: Inched up 0.1% to 43,325.80 points<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n
        \n\n\n\n

        Treasury Yields and Impact on Tech<\/strong><\/h3>\n\n\n\n
          \n
        1. Rising Yields<\/strong>:\n
            \n
          • The benchmark 10-year Treasury yield<\/strong> peaked at 4.64%<\/strong>, its highest level since May, before easing to 4.59%<\/strong> following a strong seven-year note auction<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Tech Under Pressure<\/strong>:\n
              \n
            • Higher yields shifted capital away from equities, particularly tech stocks, as bonds became more attractive.<\/li>\n\n\n\n
            • Rising yields also increased borrowing costs, limiting innovation spending and tightening profit margins for tech firms.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • Key Tech Stocks<\/strong>:\n
                \n
              • Apple Inc (AAPL)<\/strong>: Closed slightly higher after an upgrade by Wedbush.<\/li>\n\n\n\n
              • Tesla Inc (TSLA)<\/strong>: Fell 1.8%<\/strong>.<\/li>\n\n\n\n
              • NVIDIA Corp (NVDA)<\/strong>: Dropped 0.2%<\/strong>.<\/li>\n\n\n\n
              • Alphabet Inc (GOOGL)<\/strong> and Arm Holdings (ARM)<\/strong>: Declined, with Arm losing 1.6%<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n
                \n\n\n\n

                Labor Market Data<\/strong><\/h3>\n\n\n\n
                  \n
                1. Jobless Claims<\/strong>:\n
                    \n
                  • Initial claims for unemployment benefits dipped to a one-month low of 219,000<\/strong>, beating economists’ expectations of 224,000<\/strong>.<\/li>\n\n\n\n
                  • The decline signals resilience in the labor market despite broader economic challenges.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                  • Continued Claims<\/strong>:\n
                      \n
                    • The number of individuals receiving extended unemployment benefits rose by 46,000<\/strong>, reaching 1.910 million<\/strong>, the highest since November 2021.<\/li>\n\n\n\n
                    • This increase hints at slower re-hiring rates, providing mixed signals about labor market strength.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                    • Fed Implications<\/strong>:\n
                        \n
                      • The data aligns with the Federal Reserve’s cautious stance on holding interest rates steady while closely monitoring labor market dynamics.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n
                        \n\n\n\n

                        Conclusion<\/strong><\/h3>\n\n\n\n

                        The market remains subdued in the holiday-shortened week, with rising Treasury yields exerting pressure on tech stocks and softening equities. Mixed labor market signals support the Federal Reserve\u2019s cautious approach, keeping investors vigilant as they assess macroeconomic trends heading into the new year.<\/p>\n","protected":false},"excerpt":{"rendered":"

                        Key Points Futures Market Movement: S&P 500 Futures: Down 0.1% to 6,090.0 points. Nasdaq 100 Futures: Declined 0.3% to 21,985.75 points. Dow Jones Futures: Edged lower by 0.1% to 43,668.0 points. Wall Street Overview: The major indices were largely unchanged during Thursday’s session. S&P 500: Flat at 6,037.59 points. NASDAQ Composite: Slightly lower by 0.1%, …<\/p>\n","protected":false},"author":9,"featured_media":108778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7587,6862],"class_list":["post-109907","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-us-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109907"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109907\/revisions"}],"predecessor-version":[{"id":109909,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109907\/revisions\/109909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108778"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}