US stock futures slightly lower as tech stocks pressured by rising treasury yields

From Investing.com: 2024-12-26 20:00:40

U.S. stock index futures slightly lower after Wall Street closes unchanged. edged 0.1% lower to 6,090.0 points, while fell 0.3% to 21,985.75 points. edged 0.1% lower to 43,668.0 points.

Tech pressured by higher treasury yields. Benchmark yield reaches 4.64%, highest since May. 10-year Treasury yield settles at 4.59%. Rising yields make bonds more attractive, shift investor capital from tech stocks. Major tech giants close lower, Apple marginally higher with upgrade.

Investors assess US jobless claims data. Initial applications for state unemployment benefits decrease to 219,000, below economists’ predictions. Individuals receiving benefits after first week of aid increase by 46,000 to 1.910 million, highest since November 2021. Fed leans towards cautious approach, holding rates steady.



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