financetom
Market
financetom
/
Market
/
US STOCKS-Futures muted as bond yields rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS-Futures muted as bond yields rise
Apr 8, 2024 3:38 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures down: Dow 0.05%, S&P 0.09%, Nasdaq 0.05%

April 8 (Reuters) - U.S. stock index futures were flat

on Monday as Treasury yields rose on rising bets that the U.S.

Federal Reserve could delay interest rate cuts this year.

Hawkish commentary from Fed officials throughout last week

and stronger-than-expected manufacturing and jobs reports

pointed to a resilient U.S. economy, taking pressure off the Fed

to cut interest rates quickly.

Wall Street's main indexes recorded weekly losses on Friday

as traders scaled back expectations of the Fed cutting rates in

June. They now see a 48% chance of the first rate cut in June,

as per the CME FedWatch Tool, down from about 58% seen at the

start of last week.

The market has also pared back expectations for rate cuts to

fewer than three this year, from three to four a few weeks ago,

according to LSEG data.

The yield on 10-year notes rose 4.45% to its

highest level since November, pressuring equities.

Investors will be watching for comments from Chicago Fed

President Austan Goolsbee and his Minneapolis counterpart Neel

Kashkari later in the day.

The focus will also be on the March reading of U.S. consumer

price inflation (CPI), due later in the week, that is expected

to show a rise in headline inflation to 3.4% year-on-year from

3.2% in Feb.

Also on the radar would be the release of minutes from the

Fed's latest meeting, where it stuck to its guidance of three

rate cuts this year.

First-quarter earnings season will pick up pace this week,

with banking giants JPMorgan Chase & Co ( JPM ), Citigroup ( C/PN )

and Wells Fargo & Co ( WFC ) scheduled to report in the back-end

of the week.

Asset manager BlackRock ( BLK ) and Delta Air Lines ( DAL )

will also report their quarterly numbers this week.

At 5:38 a.m. ET, Dow e-minis were down 19 points,

or 0.05%, S&P 500 e-minis were down 4.75 points, or

0.09%, and Nasdaq 100 e-minis were down 9.25 points, or

0.05%.

Tesla jumped 3.4% in trading before the bell after

CEO Elon Musk said the company will unveil Robotaxi on Aug. 8.

Cryptocurrency and blockchain-related stocks advanced

tracking rising bitcoin prices. Exchange operator Coinbase

Global ( COIN ), crypto miner Marathon Digital ( MARA ) and

software firm MicroStrategy ( MSTR ) added between 5.7% - 11.9%.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co ( TSM )

gained 1.3% after the U.S. Commerce Department

said it would award the company's U.S. unit a $6.6 billion

subsidy for advanced semiconductor production in Phoenix,

Arizona.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Anil

D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech
Sector Update: Tech
Nov 17, 2025
03:18 PM EST, 11/17/2025 (MT Newswires) -- Tech stocks declined late Monday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 2.1% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.5%. The Philadelphia Semiconductor index shed 2.5%. In corporate news, Amazon.com ( AMZN ) founder (AMZN) Jeff Bezos launched an AI start-up that he will help lead as co-chief...
US Equity Markets End Lower as Expectations for December Interest Rate Cut Continue to Fall
US Equity Markets End Lower as Expectations for December Interest Rate Cut Continue to Fall
Nov 17, 2025
04:11 PM EST, 11/17/2025 (MT Newswires) -- US equity indexes closed lower Monday amid persistent inflation concerns, which lowered expectations for a December interest rate cut by the Federal Reserve. * The chances of a quarter-point interest rate cut in December fell to 42.9% from 44.4% Friday, according to CME Group's FedWatch Tool. * The New York Fed's Empire State...
Sector Update: Health Care
Sector Update: Health Care
Nov 17, 2025
03:32 PM EST, 11/17/2025 (MT Newswires) -- Health care stocks were softer late Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.1%. The iShares Biotechnology ETF (IBB) rose 0.6%. In corporate news, Ardent Health ( ARDT ) shares dropped 7.1% after KeyBanc downgraded the company's stock to sector weight...
US STOCKS-Wall Street indexes fall 1%; investors brace for jobs data, Nvidia results
US STOCKS-Wall Street indexes fall 1%; investors brace for jobs data, Nvidia results
Nov 17, 2025
(Updates to afternoon trading, adds market details) * September jobs report expected on Thursday * Dell drops after downgrade * Indexes: Dow down 1%, S&P 500 down 1%, Nasdaq down 1% By Caroline Valetkevitch NEW YORK, Nov 17 (Reuters) - U.S. stocks were about 1% lower on Monday as investors considered the health of the consumer ahead of quarterly results...
Copyright 2023-2026 - www.financetom.com All Rights Reserved