Traders work on the floor of the New York Stock Exchange.
new york stock exchange
Stock futures rose in overnight trading Thursday as Wall Street looked to end a strong week despite heightened volatility.
futures tied to Dow Jones Industrial Average It rose by 67 points (0.1%). S&P500 futures 0.1% increase; Nasdaq 100 futures It increased by 0.3%.
of S&P500 Despite the market volatility, the index is up 0.5% week to date, putting the benchmark on an eight-week upward trajectory. of Dow The stock is up 1.5% this week, heading for its third positive week in four weeks. of Nasdaq Composite rose 0.3%, marking the seventh weekly increase in the past eight weeks.
Volatility rose this week as investors struggled with a spike in long-term Treasury yields. of 30 year government bond yield It rose above 5.19% earlier this week, its highest level since before the financial crisis, but fell to 5.09% on Thursday.
Oil prices also fell as traders grew more optimistic about a possible resolution to the Middle East conflict. West Texas Intermediate Crude Oil Futures It fell nearly 2% to settle at $96.35 per barrel. brent crude oil It fell more than 2% to close at $102.58.
“Our view on Iran remains the same as before. A deal is much more likely than not, but this is already priced in and the conflict will have stagflationary effects for at least the next few quarters,” Adam Crisafulli, founder of Vital Knowledge, said in a note.
President Donald Trump is scheduled to swear in Kevin Warsh, his nominee to replace Jerome Powell as head of the Federal Reserve, at a ceremony on Friday.
