Stock Futures Point to S&P 500 Extending Rally After Friday's Record Close
February 08 2021 - 4:16AM
Dow Jones News
U.S. stock futures rose Monday, suggesting that the S&P 500
will extend its rally after ending last week at a record high.
Futures tied to the S&P 500 ticked up 0.3%, while those on
the tech-heavy Nasdaq-100 index gained 0.4%.
The yield on 10-year U.S. Treasurys gained to 1.195% from
1.169%. Bond yields and prices move inversely.
Overseas, the Stoxx Europe 600 gained 0.5%.
Among individual stocks, the Weir Group rose 3.2% for a two-day
run of gains and Capita climbed 2.4%. EasyJet declined 2% snapping
a winning streak of more than a week and Electrocomponents fell
3.1%.
The U.K.'s FTSE 100 added 0.5%.
The Swiss franc and the British pound dropped 0.1% against the
U.S. dollar. Meanwhile, the euro was mostly flat against the U.S.
dollar, with 1 euro buying $1.20.
In commodities, international benchmark Brent crude was up 1.4%
to $60.17 a barrel. Gold also gained 0.1% to $1,814.60 a troy
ounce.
German 10-year bund yields gained to minus 0.416% from minus
0.446% and the 10-year U.K. gilts yield rose to 0.526% from
0.484%.
Indexes in Asia mostly climbed as Hong Kong's Hang Seng rose
0.1%, Japan's Nikkei 225 index added 2.1%, and China's benchmark
Shanghai Composite gained 1%.
SoftBank shares climbed over 4 % in Japan after the giant
technology investor rode markets to a big quarterly profit, largely
on the back of investment gains at its $100 billion Vision Fund and
its $10 billion successor.
-- An artificial-intelligence tool was used in creating this
article.
(END) Dow Jones Newswires
February 08, 2021 04:01 ET (09:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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