Stock Futures Creep Higher as Global Equities Rise
March 30 2021 - 3:25AM
Dow Jones News
U.S. stock futures traded narrowly higher, after the S&P 500
retreated from a record Monday, pressured by declines in shares of
banks and technology stocks.
Futures on the S&P 500 gained 0.1% and futures on the Dow
Jones Industrial Average rose 0.2%. Changes in equity futures don't
necessarily predict market moves after the opening bell.
Financial stocks led declines Monday after a large investment
fund last week unwound billions of dollars in holdings, triggering
concern that global banks that dealt with the firm could face sharp
losses.
On Tuesday, European stocks advanced for a three-day run of
gains. The Stoxx Europe 600 climbed 0.5% in morning trade and was
at its highest level in a year. Consumer staples and information
technology sectors led gains while healthcare and utilities sectors
lost ground.
U.K.'s FTSE 100, which is dominated by large international
businesses, added 0.6%. Other stock in Europe mostly climbed, as
France's CAC 40 added 0.6%, the FTSE 250 gained 0.6%, and Germany's
DAX rose 0.6%.
The Swiss franc, the euro and the British pound fell 0.2%, 0.1%
and 0.1% respectively against the U.S. dollar.
In commodities, international benchmark Brent crude slipped 0.4%
to $64.64 a barrel. Gold also fell 0.6% to $1,702.20 a troy
ounce.
Stocks in Asia mostly climbed, with Hong Kong's Hang Seng up
1.1%, Japan's Nikkei 225 index gaining 0.2%, and China's benchmark
Shanghai Composite rising 0.6%.
-- An artificial-intelligence tool was used in creating this
article.
(END) Dow Jones Newswires
March 30, 2021 04:10 ET (08:10 GMT)
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