News Formal

Stock market today: US futures tip lower as investors look for inspiration

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Growth Stocks News

Federal Reserve,Interest Rates

Stocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.

US stocks tipped slightly lower on Thursday after the rate-cut and AI growth hopes that have buoyed markets took a knock, putting the spotlight on the next batch of earnings to provide some impetus. Dow Jones Industrial Average futures dropped roughly 0.2%, setting up for a struggle after a six-day winning streak. Futures on the S&P 500 dropped 0.1%, while those on the tech-heavy Nasdaq 100 pulled back 0.2%.

The fading confidence spread to bonds, sending the benchmark 10-year Treasury yield higher to around the 4.5% level. High yields have proved a drag on growth stocks — megacap Big Techs in particular. At the same time, a downbeat annual revenue forecast from Arm cast doubt on the hopes for AI growth that have boosted chip stocks. The chip designer's shares sank 9% in pre-market trading, with sector peers Nvidia and AMD down slightly. Warner Bros.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks open higher, Disney sinks after earningsResults from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks climb as S&P 500 notches best 3-day run of 2024Stocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks gain as Fed rate hopes fuel continued rallyStocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »