Stock index futures are slightly up with rising bond yields, FedEx surges on positive results

From Nasdaq: 2024-06-26 07:35:24

September S&P 500 E-Mini futures are up this morning as U.S. Treasury yields rise. FedEx shares surged over 13% after positive Q4 results and strong guidance. Carnival and tech stocks also showed gains, while Pool Corp. slumped. U.S. economic data showed mixed results, with CB consumer confidence up and Richmond Fed manufacturing down.

Fed Governor Bowman sees upside risks to inflation and supports maintaining elevated borrowing costs. Rate futures indicate low chances of a rate cut in July. Investors await U.S. core personal consumption expenditures price index on Friday. Micron Technology, General Mills, and other notable companies are set to report earnings today.

Euro Stoxx 50 futures bounce back with gains in tech and mining stocks. German consumer sentiment dips while ECB official discusses monetary policy expectations. DHL Group shares rise following positive forecast from FedEx. GfK Consumer Climate Index drops in Germany, while French Consumer Confidence meets expectations. Asian markets close higher with gains in technology and semiconductor stocks.

Chinese and Japanese markets close higher, led by semiconductor stocks. China’s bond yields drop on concerns over slowing economy. NetEase climbs after gaming approval increase. Japan’s Nikkei 225 hits 3-month high. Chip stocks move higher in pre-market trading. FedEx, Rivian Automotive, U.S. Steel, and Robinhood Markets show gains, while Accenture falls. Micron Technology, Paychex, and other companies report earnings today.



Read more at Nasdaq: Stock Index Futures Muted as Bond Yields Climb, FedEx Climbs on Upbeat Results