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Futures soared amid slumped yields from its peak

03 Mar,2023
Futures soared amid slumped yields from its peak

U.S. stock index futures grew somewhat on Friday as Treasury yields paused from a surged week that was driven by concerns that the Federal Reserve will maintain the hiked interest for an extended period to contain the spiked inflation.

Wall Street indexes had an erratic start to March as a result of recent economic data that indicated growing raw material costs and a robust labour market, while also indicating that the U.S. central bank had not yet observed the favoured effect of its aggressive monetary policy on the surged inflation.

Dow e-minis edged up 72 points or 0.22% while S&P 500 e-minis advanced by 12.5 points or 0.31% and Nasdaq 100 e-minis ticked up by 43.75 points or 0.36%.

Dell Technologies Inc shares fell 3.3% in premarket trade after it issued a forecast for current-quarter revenue and earnings that fell short of Wall Street expectations due to persistently weak PC market demand.

 

 

 

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