Stock market today: US futures rise as Treasury yields ease, but weekly losses loom
Published On Oct 25, 2024, 7:24 AM
US stock futures rose as Treasury yields decreased, suggesting improvement in market sentiment. However, despite this positive movement, markets are facing potential weekly losses due to broader volatility and previous sell-offs. Investors should keep an eye on upcoming economic indicators and how they influence interest rates and market stability.
Stock Forecasts
XLF
Positive
Given the easing of Treasury yields, which generally supports equities, a positive trend may be anticipated for financial stocks, particularly those responsive to interest rate changes.
Related News
New data shows US economy on track to grow at 'encouragingly solid pace'
Oct 24, 2024, 12:35 PM
Fresh data from S&P Global showed the US economy is tracking for solid growth through the end of 2024.
Mortgage rates climb north of 6.5% for first time since August
Oct 24, 2024, 12:07 PM
Average 30-year fixed rates reached 6.54% in the week through Wednesday, according to Freddie Mac.
Wall Street’s trading desks are having a great year. The election could keep that going.
Oct 24, 2024, 4:00 AM
Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street.