US stock futures edge higher after holiday weekend
Government bond yields gained
Biden, Job report, Pentagon
U.S. stock futures inched up early Tuesday, suggesting Wall Street indexes would open higher as traders returned from the Labor Day holiday weekend.
S&P 500 futures gained 0.1% and futures on the Dow Jones Industrial Average also added 0.1%. Changes in equity futures don’t necessarily predict market moves after the markets open.
In Europe, the Stoxx Europe 600 shed 0.1% in morning trade as gains in communication services and materials sectors were balanced by losses in consumer discretionary and energy sectors.
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Specialist Anthony Rinaldi, left, and trader Timothy Nick work on the floor of the New York Stock Exchange, Wednesday, Oct. 30, 2019. (AP Photo/Richard Drew)
DS Smith PLC jumped 2.8% for a two-day winning streak and Marks and Spencer Group added 2.6%.
The U.K.’s FTSE 100, which is dominated by large international businesses, was lower 0.2%. Other stock in Europe were mixed as France’s CAC 40 edged up 0.1% and Germany’s DAX declined 0.1%.
The Swiss franc was up 0.1% against the U.S. dollar, with 1 franc buying $1.09. The euro was mostly flat against the dollar, with 1 euro buying $1.19. The British pound slipped 0.1% against the dollar, with 1 pound buying $1.38.
In commodities, Brent crude rose 0.1% to $72.28 a barrel. Gold fell 0.7% to $1,821.20 a troy ounce.
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German 10-year bund yields were up to minus 0.343% and the yield on U.K. 10-year gilts gained to 0.621%. The yield on 10-year U.S. Treasury rose to 1.353% from 1.322% on Friday. Bond yields and prices move inversely.
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Stocks in Asia mostly climbed as Hong Kong’s Hang Seng rose 1%, Japan’s Nikkei 225 index added 0.9% and China’s benchmark Shanghai Composite gained 1.5%.
To read more from The Wall Street Journal, click here.