Stock futures are modestly higher on Monday night, following a losing day on Wall Street as rising oil prices and bond yields weighed on markets.yield climbed above 4% to touch its highest levels since early August. Bond yields and prices move inversely to each other.$77 per barrel also hurt the stock market. But energy names climbed alongside the commodity, making it the only sector of the 11 that comprise the S&P 500 to finish Monday in the green.
Stocks have been troubled over the last several days, creating a rocky start to the new trading month and quarter. Investors have grown increasingly fearful of escalating conflict in the Middle East after Iran launched a missile attack at Israel early last week.fourth straight positive weeks"Initially, the market rallied on that really good economic news," said Larry Tentarelli, chief technical strategist of the Blue Chip Daily Trend Report, of the labor market data.
Investors will watch Tuesday for economic data on small businesses and the trade deficit. They'll also monitor speaking engagements scheduled throughout the day for central bank leaders including Boston Federal Reserve President Susan Collins and Atlanta Fed President Raphael Bostic.shares rose more than 1% after the company said one of its profitability measures should show a smaller loss than originally expected.
In a regulatory filling, the sports betting company to expect adjusted EBITDA — or earnings before interest, taxes, depreciation and amortization — for its interactive segment to come in at a loss of between $90 million and $100 million for the third quarter. That's an improvement from the previously set range for loss of $115 million to $135 million.
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Source: CNBC - 🏆 12. / 72 Read more »