The FX PostThe FX Post
    What's Hot

    Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times

    July 10, 2025

    Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

    July 9, 2025

    Has the Airbnb bubble burst?

    July 8, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » U.S. Stock Futures Point Lower as Bond Yields Rise
    News

    U.S. Stock Futures Point Lower as Bond Yields Rise

    September 7, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    U.S. stock futures are indicating a downward trend on Thursday, as the market continues to grapple with rising bond yields. Here’s a breakdown of the futures:

    • Dow Jones Industrial Average futures (YM00) fell 38 points, or 0.1%, to 34,441.
    • S&P 500 futures (ES00) dropped 17 points, or 0.4%, to 4,455.
    • Nasdaq 100 futures decreased 112 points, or 0.7%, to 15,288.

    Yesterday, the Dow Jones Industrial Average (DJIA) fell 199 points, or 0.57%, closing at 34,443. The S&P 500 (SPX) declined 31 points, or 0.7%, closing at 4,465. The Nasdaq Composite (COMP) dropped 148 points, or 1.06%, closing at 13,872.

    What’s Impacting the Market?

    The unusually strong reading of the ISM services index on Wednesday is a major factor driving market movements. This has led to an increase in bond yields and a rise in the U.S. dollar (DXY).

    The rise in yields negatively impacts the appeal of stocks, while a stronger dollar makes U.S. assets more expensive for foreign investors. Additionally, a strong dollar reduces the value of overseas sales for U.S.-based companies and can also harm economies dependent on dollar-based goods.

    According to senior analyst Ipek Ozkardeskaya at Swissquote Bank, “The U.S. dollar’s appreciation adds an additional layer of complexity for the rest of the world, as not only crude prices rise, but the U.S. dollar used to trade oil gains in value as well.”

    The Brent crude oil contract (BRN00) has seen gains in nine out of the last ten sessions, reaching its highest level in almost 11 months on Wednesday.

    The yield on the 10-year Treasury (BX:TMUBMUSD10Y) stands at 4.27%, which is the fourth-highest level of the year.

    Upcoming Factors

    Investors are keeping an eye on next week’s release of the consumer price index (CPI). Additionally, on Thursday, weekly jobless claims data will be released, along with a revised look at productivity.

    Positive News for GameStop

    One positive note comes from video game retailer GameStop (GME), which reported another quarter of losses, albeit lower than expected. This was partly offset by strong sales in Europe.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Bond Yields Market Movements Stock Futures
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times

    July 10, 2025

    Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

    July 9, 2025

    Has the Airbnb bubble burst?

    July 8, 2025

    Tinubu has changed narrative of NDDC, says Ogbuku, MD

    July 7, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    35  −  31  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times
    • Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court
    • Has the Airbnb bubble burst?
    • Tinubu has changed narrative of NDDC, says Ogbuku, MD
    • What happens if $FUN hits $0.10? Price scenarios, holder behaviour, and post-breakout plans
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.