Jan. 18, 2022 3:35 am ET
U.S. stock futures slipped, with big technology shares on track to lead losses when markets reopen after the holiday weekend.
S&P 500 futures declined 1% and futures on the Dow Jones Industrial Average were down 0.6%. Contracts on the technology-heavy Nasdaq-100 dropped 1.7%. Changes in equity futures don’t necessarily predict movements after the opening bell.
In Europe, the Stoxx Europe 600 shed 1.1% in morning trade. Consumer discretionary and utilities sectors drove the losses while energy sector rose.
The U.K.’s FTSE 100, which is dominated by large international businesses, was lower 0.4%. Other stock indexes in Europe also mostly slipped as France’s CAC 40 was down 0.7%, the U.K.’s FTSE 250 fell 0.5% and Germany’s DAX lost 0.7%.
The Swiss franc, the euro and the British pound depreciated 0.1%, 0.1% and 0.2% respectively against the U.S. dollar.
In commodities, Brent crude rose 1.5% to $87.78 a barrel. Gold remained flat, at $1,816.30 a troy ounce.
The yield on German 10-year bunds gained to minus 0.021% and 10-year U.K. government debt known as gilts yields were up to 1.201%. 10-year U.S. Treasury yields gained to 1.829% from 1.771% on Friday. Bond prices and yields move in opposite directions.
In Asia, indexes were mixed as China’s Shanghai Composite rose 0.8%, whereas Hong Kong’s Hang Seng fell 0.6% after gaining 0.7% earlier and Japan’s Nikkei 225 index was lower 0.3% after trading higher 1.2% during the session.
—An artificial-intelligence tool was used in creating this article.
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