US stock futures are pointing to a rebound, led by tech stocks

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Mar 9, 2021 3:41 AM ET

US stock futures rose, pointing to a rebound after a decline in technology stocks dragged the Nasdaq Composite into a correction.

Nasdaq 100 futures rose 1.7%, S&P 500 futures rose 0.9%, and Dow Jones Industrial Average futures rose 0.6%. The treaties do not necessarily predict movements after the markets have opened.

In Europe, the Stoxx Europe 600 lost 0.2% in morning trade as gains in industrial and consumer staples were offset by losses in information technology and consumer discretionary.

The UK’s FTSE 100 was down 0.2%. Other stock indices in Europe were mixed as France’s CAC 40 snaked its way around the flat line, while the UK’s FTSE 250 fell 0.1% and the German DAX fell 0.3%.

The Swiss franc, the euro and the British pound gained 0.2%, 0.1% and 0.1% respectively against the US dollar.

In commodities, Brent crude fell 0.3% to $ 68.04 a barrel. Gold rose 0.9% to $ 1,692.50 a troy ounce.

The German 10-year Bund yield fell to minus 0.294% and the British 10-year gilt yield fell to 0.736%. The 10-year US Treasury Department’s return was unchanged from Monday at 1.552%. The returns move inversely to the prices.

In Asia, the indices were mixed as the Japanese Nikkei 225 index rose 1%, while the Hong Kong Hang Seng was flat after rising 1.7% previously and China’s benchmark Shanghai Composite fell 1.8%.

The New York Stock Exchange on Monday.


Lev Radin / Zuma Press

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