Stock Futures Waver After S&P 500, Asian Shares Decline | Sidnaz Blog

U.S. stock futures meandered around the flatline, after major indexes pulled back as investors sold government bonds along with shares of technology companies.

S&P 500 futures traded mostly flat and futures tied to the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict market moves after the markets open.

Europe stocks crept higher for a four-day run of gains. The pan-European Stoxx Europe 600 gained 0.1%, and was at its highest level in a year, with gains in communication services and consumer discretionary sectors offset by losses in consumer staples and information technology sectors.

The FTSE 100 was broadly flat. France’s CAC 40 rose 0.1%, U.K.’s FTSE 250 added 0.1% and Germany’s DAX meandered around the flat line.

The euro and the British pound were up 0.2% against the U.S. dollar and the Swiss franc was mostly flat, with 1 franc buying $1.06.

In commodities, international benchmark Brent crude was up 0.9% at $64.72 a barrel. Gold remained flat, at $1,686.40 a troy ounce.

Indexes in Asia mostly fell, as Hong Kong’s Hang Seng was 0.4% lower, Japan’s Nikkei 225 index shed 0.9% and China’s benchmark Shanghai Composite declined 0.4%.

Investors are watching for further fallout from Archegos’s liquidation of more than $30 billion in stocks.



Photo:

Mary Altaffer/Associated Press

An artificial-intelligence tool was used in creating this article.

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