U.S. Stock Futures Waver After Tech Rout

U.S. stock futures wavered and government bond yields edged down a day after losses in technology stocks dragged major indexes lower.

Futures on the S&P 500 slipped 0.1% and futures on the Dow Jones Industrial Average traded mostly flat. Changes in futures don't necessarily predict moves after the opening bell.

Europe stocks fell Thursday after a three-day run of gains. The Stoxx Europe 600 was down 0.5% in morning trade. Materials and consumer discretionary sectors notched the biggest losses while consumer staples and information technology sectors rose.

Rio Tinto Group declined 6.2% for a two-session losing streak and Glencore declined 2.2%.

The U.K.'s FTSE 100 was down 0.6%. Other stock indexes in Europe also mostly fell as France's CAC 40 lost 0.4%, the U.K.'s FTSE 250 shed 0.6%, and Germany's DAX fell 0.6%.

The Swiss franc and the euro slipped 0.1% and 0.2% respectively against the U.S. dollar. Meanwhile, the British pound was flat against the U.S. dollar, with 1 pound buying $1.39.

In commodities, international benchmark Brent crude rose 0.7% to $64.52 a barrel. Gold was flat, at $1,715.70 a troy ounce.

The yield on German 10-year bunds declined to minus 0.307% and the yield on U.K. 10-year gilts was down to 0.760%. The 10-year U.S. Treasury yield declined to 1.459% from 1.469%. Bond yields and prices move inversely.

Indexes in Asia mostly fell as Hong Kong's Hang Seng shed 1.9%, Japan's Nikkei 225 index lost 2.1%, and China's benchmark Shanghai Composite declined 2.1%.

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(END) Dow Jones Newswires

March 04, 2021 04:00 ET (09:00 GMT)

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