Stock Futures Decline After Holiday Break

Date:

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.

U.S. markets were closed on Monday for Martin Luther King Jr. Day.



Photo:

timothy a. clary/Agence France-Presse/Getty Images

An artificial-intelligence tool was used in creating this article.

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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The post Stock Futures Decline After Holiday Break appeared first on Eminetra.

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