Stock Futures Muted Amid Stable Bond Yields and Upcoming Economic Data
U.S. stock futures showed a muted performance on Thursday with S&P 500 E-Mini futures up slightly while Nasdaq 100 E-Mini futures edged lower, as bond yields stabilized near multi-year highs amid elevated oil prices due to geopolitical tensions between the U.S. and Iran. The market was also influenced by mixed earnings reports from major tech firms like Broadcom (AVGO) and Hewlett Packard Enterprise (HPE), which both declined in pre-market trading after issuing weak guidance, while Snowflake (SNOW) surged over 23% following strong Q2 results. Investors are now looking ahead to the ADP employment report and Federal Reserve comments for further direction. Earlier in the week, Wall Street benchmarks closed higher with notable gains from companies like Dell Technologies (DELL), Nvidia (NVDA), and GitLab (GTLB). However, Palo Alto Networks (PANW) fell sharply after reporting weaker-than-expected financial results.
Tickers: $AVGO $DELL $GTLB $HPE $NVDA $NXPI $PANW $SNOW
Topics: bond_yields earnings_reports oil_prices stock_futures