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Offbeat US stocks set for a slightly lower open as Treasury yields climb

11:11  17 may  2018
11:11  17 may  2018 Source:   cnbc.com

Oil prices soar after Trump dumps Iran nuclear deal

  Oil prices soar after Trump dumps Iran nuclear deal Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady. Trump's move sparked fears of increased tension in the Middle East and uncertainty over global oil supplies.Demand for haven assets remained muted as the immediate market impact was seen as specific to oil supply, but investors remained mindful of the knock-on effects on inflation.Gold prices retreated and bond yields rose. The U.S.

U . S . stock index futures futures pointed to slightly lower open Thursday morning, as investors monitor rising bond yields and new earnings.

SEARCH QUOTES. US Markets. Market Movers. Dow 30. Higher interest rates also pushed stocks lower . The benchmark 10-year Treasury note yield broke above 3.1 percent for the first time since 2011.

  US stocks set for a slightly lower open as Treasury yields climb © Andrew Burton/Getty Images  

U.S. stock index futures futures pointed to slightly lower open Thursday morning, as investors monitor rising bond yields and new earnings.

At around 2:30 a.m. ET, Dow futures fell 15 points, indicating a marginally lower open. The Nasdaq and the S&P 500 futures pointed to a flat-to-positive start to the session for their respective markets.

The moves in pre-market trade follows surging bond yields in the previous session. A slew of economic data pushed the U.S. 10-year yield through to 3.1 percent — its highest since July 2011. Higher yields could be detrimental to U.S. stocks as they can curb investment.

US stocks set to rally at the open as trade concerns abate

  US stocks set to rally at the open as trade concerns abate U.S. stock index futures pointed to triple-digit gains at the open Monday morning, amid hopes of a potential breakthrough in trade tensions.At around 04:55 a.m. ET, Dow futures rose 99 points, indicating a higher implied open of 113 points. The Nasdaq and the S&P 500 futures also indicated an upbeat start to the session for their respective markets.

The 10-year Treasury note yield TMUBMUSD10Y, +0.19% TMUBMUSD10Y, +0.19% TMUBMUSD10Y, +0.19% TMUBMUSD10Y, +0.19 So far, however, rising yields have driven gold lower . Read: Here’s why the stock market and commodities are no longer in lockstep. Open .

Treasuries climbed from the lows of the day after data on personal income and spending. Japan’s Nikkei 225 Stock Average fell less than 0.05 percent to the lowest in more than three weeks.

However, U.S. stocks finished higher on Wednesday driven by retail shares. Macy's rose 10.8 percent on stronger-than-expected quarterly results. The Dow Jones industrial average closed 62.53 points higher.

In terms of data, there will be jobless claims due at 8:30 a.m. ET time.

On the earnings front, Walmart is due to release its latest figures before the opening bell. Applied Materials and Nordstrom are set to report earnings after the bell.

Dow slumps 150 points after President Trump says North Korean summit is off .
<p>U.S. stocks fell sharply Thursday after President Donald Trump announced that the hotly anticipated summit next month with North Korea was cancelled.</p>The meeting would have been the first face-to-face encounter between a sitting U.S. president and a North Korean leader.

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