U.S. stock futures edged down Thursday, suggesting that technology stocks will continue to slide after the opening bell and weigh on the major indexes.

Futures on the S&P 500 declined 0.3% and contracts on the Dow Jones Industrial Average futures slipped 0.3%. Nasdaq-100 futures fell almost 0.6%. Changes in equity futures do not necessarily predict market moves after the markets open.

The yield on 10-year U.S. Treasurys slid to 1.282%, from 1.297% on Wednesday. Yields move inversely to bond prices.

Data on U.S. jobless claims for the week ended Feb. 13, due at 8:30 a.m. ET, are expected to show a downward trend. While that is a move in the right direction, the overall level of applications for unemployment benefits is still historically elevated, signaling a high level of layoffs and continuing labor-market dislocation.

Overseas, the Stoxx Europe 600 was largely flat while the U.K.'s FTSE 100 slid 0.3%.

Among individual equities, Ashtead Group rose 2.3%. Airbus fell 3.7% snapping a four-session winning streak.

The euro and the British pound were up 0.1% and 0.2% respectively against the U.S. dollar and the Swiss franc was flat against the U.S. dollar, with 1 franc buying $1.11.

In commodities, Brent crude gained 0.9% to $64.89 a barrel. Gold also gained 0.3% to $1,778.60 a troy ounce.

The German 10-year bund yield was recently at minus 0.359% and the yield on U.K. 10-year gilts was at 0.585%.

Indexes in Asia were mixed as China's benchmark Shanghai Composite rose 0.6%, whereas Hong Kong's Hang Seng dropped 1.3% and Japan's Nikkei 225 index shed 0.2%.

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

 

(END) Dow Jones Newswires

February 18, 2021 03:55 ET (08:55 GMT)

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