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U.S. Stock Futures Waver to Start the Week

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U.S. stock futures were mixed, with technology stocks poised to edge down while the Dow Jones Industrial Average could add to its recent string of records.

S&P 500 futures traded flat and Dow futures strengthened 0.2%. Nasdaq-100 futures were down 0.2%. Changes in futures don't necessarily predict movements after the markets open.

Europe stocks advanced Monday for a two-day run of gains.

The Stoxx Europe 600 gained 0.2% in morning trade, and it is at its highest level in a year as gains in consumer staples and consumer discretionary sectors were offset by losses in utilities and information technology sectors.

Greggs added 6.7% for a two-session winning streak.

Centrica slipped 2.4%.

The U.K.'s FTSE 100 climbed 0.3%. Other stock indexes in Europe also mostly climbed as France's CAC 40 was broadly flat, the U.K.'s FTSE 250 rose 0.2% and Germany's DAX meandered after the flat line.

The British pound was up 0.2% against the U.S. dollar, with 1 pound buying $1.41 whereas the Swiss franc and the euro were broadly flat against the dollar.

In commodities, Brent crude was up 0.7% to $68.77 a barrel. Gold was also up 0.1% to $1,834.00 a troy ounce.

German 10-year bund yields strengthened to minus 0.204% and U.K. 10-year gilts yields were up to 0.804%. The 10-year U.S. Treasury yield strengthened to 1.595% from 1.576% on Friday. Yields move in the opposite direction from prices.

Indexes in Asia were mixed as Japan's Nikkei 225 index rose 0.5% and China's benchmark Shanghai Composite climbed 0.3%, whereas Hong Kong's Hang Seng was down 0.2% after gaining 0.8% during the session.

Source:-https://www.morningstar.com/news/dow-jones/202105102609/us-stock-futures-waver-to-start-the-week

Steven Madden

Steven Madden

Steven has covered a variety of industries during his media career including car care, pharmaceutical, and retail.