Stock Futures Inch Up After Wall Street Indexes Hit Records

  • 04 November, 2021
  • 11:06 am EET

U.S. stock futures inched higher, putting Wall Street indexes on course to extend gains that followed the Federal Reserve’s move to scale back its bond purchases.

S&P 500 futures gained 0.1% and futures tied to the Dow Jones Industrial Average traded just above the flat line. Contracts on the Nasdaq-100 added 0.5%. Changes in futures don’t necessarily predict market moves after the opening bell.

European stocks climbed Thursday for a six-session winning streak. The Stoxx Europe 600 added 0.6% in morning trade, and it is at its highest level in a year. Healthcare and energy sectors led gains while communication services and consumer staples sectors lost ground.

Telefónica slipped 2.2% for a three-day losing streak and J Sainsbury declined 3.1%.

The U.K.’s FTSE 100 rose 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 rose 0.4%, the U.K.’s FTSE 250 climbed 0.3% and Germany’s DAX gained 0.5%.

The Swiss franc, the euro and the British pound lost 0.2%, 0.5% and 0.4% respectively against the U.S. dollar.


In commodities, international benchmark Brent crude was up 0.9% to $82.70 a barrel. Gold also gained 0.5% to $1,773.40 a troy ounce.

The yield on German 10-year bunds fell to minus 0.186% and 10-year U.K. government debt known as gilts yields slipped to 1.056%. The 10-year U.S. Treasury yield was up to 1.585% from 1.577% on Wednesday. Yields move inversely to bond prices.

Indexes in Asia mostly climbed as Hong Kong’s Hang Seng added 0.3%, Japan’s Nikkei 225 index gained 0.9% and China’s benchmark Shanghai Composite rose 0.8%.

Wall Street Journal

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