US pre-open: Stocks set to dip amid upward pressure on Treasury yields
By Alexander Bueso
Date: Friday 27 Dec 2024
(Sharecast News) - Wall Street was set for a slightly lower open at the end of the week.
A recent move higher in 10-year US Treasury note yields on the perceived risk of higher inflation after Trump's election win was in focus.
As of 1518 BST, futures tracking the Dow Jones Industrials were slipping by 140 points to 43,62.0, alongside a 22.25 point decline on those for the S&P 500 to 6,073.0 while futures on the Nasdaq-100 were down by 81.50 points at 21,926.50.
The yield on the benchmark 10-year US Treasury meanwhile was three basis points higher to 4.61%, having hit a 52-week high 4.741% earlier in the year.
Crude oil futures were moving higher whilst the US dollar spot index was dipping slightly.
On the economic agenda for Friday at 1330 BST are reports on America's international trade in goods and wholesale inventories, both covering the month of November.
Also scheduled to be published are weekly natural gas and crude oil inventory figures, at 1530 BST and 1700 BST, respectively.
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