Oil, Bond Yields Cap Wall Street Pre-Bell; Asia, Europe Off

MT Newswires Live
2 hours ago

Wall Street futures pointed unevenly sideways pre-bell Thursday as traders weighed Persian Gulf turmoil, rising bond yields and crude oil prices.

In the futures, the S&P 500 rose 0.1%, the Nasdaq declined 0.2% and the Dow Jones was up 0.2%.

West Texas Intermediate crude oil futures traded up 1.2% at $97.23 a barrel, while 10-year US Treasuries offered 4.86% in morning action.

The VanEck Semiconductor fund (SMH) traded down 0.7% pre-bell.

Investors also await the producer price index (PPI) report for August from Washington at 8:30 am ET, for insights into how energy bills are hitting manufacturers and others.

Asian exchanges traded mostly lower overnight, while European bourses edged mostly south midday on the continent.

Oracle (ORCL) and Adobe (ADBE) plan to report earnings after-bell, among others.

On the economic calendar, in addition to the producer price bulletin, is the weekly jobless claims report at 8:30 am ET.

The existing home sales bulletin logs at 10 am, followed by the weekly

EIA natural gas report at 10:30 am.

The weekly EIA petroleum status report files at 12 pm.

In pre-market action, bitcoin traded at $77,883, while spot gold commanded $4,384 an ounce.

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