Stock futures rise slightly after S&P 500 snaps a 2-week winning streak



  • Source: CNBC - - Read: 0

    Summary:

     

    A Trader on the floor of the New York Stock Exchange.

    Stock futures inched higher in overnight trading on Sunday after the S&P 500 posted its first losing week in three.

    Futures on the Dow Jones Industrial Average rose 50 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures climbed 0.2%.

    The move in futures came after the S&P 500 and the Nasdaq Composite snapped a two-week winning streak with a loss of 0.7% and 1.6%, respectively, last week. The blue-chip Dow eked out a 0.1% gain in the same period, supported by Caterpillar and JPMorgan.

    Some equity investors grew concerned about rapidly rising bond yields in recent weeks as they could especially hurt high-growth companies reliant on easy borrowing while diminishing the relative appeal of stocks.

    The 10-year Treasury yiel ...

     

     

    Read Full News: https://www.cnbc.com/2021/02/21/stock-market-open-to-close-news.html


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