Futures gain as Treasury yields fall; Tesla slips
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Futures up: Dow 0.19%, S&P 500 0.24%, Nasdaq 0.28%
Oct 25 (Reuters) -U.S. stock index futures edged higher on Friday, with a decline in Treasury yields offering some relief to equities despite a drop in Tesla, although all three major indexes looked poised for a weekly loss.
The benchmark 10-year Treasury note yield eased, after rising as high as 4.26% earlier in the week, and was trading around 4.19%.
Meanwhile, Tesla TSLA.O shares dipped 1.8% in premarket trading after a nearly 22% surge in the previous session, as investors cheered the EV-maker's strong sales forecast.
Gains in the stock had lifted the Nasdaq and the S&P 500 on Thursday, the S&P 500's .SPX first daily advance of the week.
All three major indexes are set to snap their six-week winning streaks, with equities unsettled by a fairly rapid rise in rates as investors bet a stronger economic outlook could limit the scope of future interest-rate cuts by the U.S. Federal Reserve.
At 5:30 a.m. ET, Dow E-minis 1YMcv1 were up 82 points, or 0.19%, U.S. S&P 500 E-minis EScv1 were up 13.75 points, or 0.24%, and Nasdaq 100 E-minis NQcv1 were up 56.25 points, or 0.28%.
Shares of Apple AAPL.O dipped 0.8% after data showed iPhone sales in China fell in the third quarter, while Capri Holdings CPRI.N slumped 46.4% after a U.S. judge blocked a pending merger between the company and handbag maker Tapestry TPR.N.
Shares of memory-chip-maker Western Digital WDC.O leapt 12% after it topped quarterly profit estimates on Thursday.
A mixed set of earnings across sectors and continued uncertainty around the U.S. presidential election have also made investors cautious in the week.
The week starting Oct. 28 promises to be a crucial one for Wall Street, with earnings from megacaps including Alphabet GOOGL.O, Apple AAPL.O and Microsoft MSFT.O, as well as nonfarm payrolls data and the final stretch just before the Nov. 5 election.
Markets have started pricing in a second Donald Trump administration in recent weeks, despite worries of a possibly contested result and whether one party will control Congress following the election.
Earnings from New York Community Bancorp NYCB.N and Colgate-Palmolive CL.N are due before the bell.
On the economic front, September Durable goods data and the University of Michigan's final Consumer Sentiment index are on deck, while the Boston Fed's Susan Collins is scheduled to speak on the day. FED/DIARY
Investors are still pricing in another 25-basis-point rate cut at the Fed's November meeting. They expect about two rate cuts by the end of the year, according to LSEG data.
USA-ELECTION/STOCKS Wall Street performs better under a unified government but... https://reut.rs/4hbOKMJ
Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
