U.S. Stock Futures Waver to Start the Week

U.S. stock futures were mixed, with technology stocks poised to edge down while the Dow Jones Industrial Average could add to its recent string of records.

S&P 500 futures traded flat and Dow futures strengthened 0.2%. Nasdaq-100 futures were down 0.2%. Changes in futures don't necessarily predict movements after the markets open.

Europe stocks advanced Monday for a two-day run of gains.

The Stoxx Europe 600 gained 0.2% in morning trade, and it is at its highest level in a year as gains in consumer staples and consumer discretionary sectors were offset by losses in utilities and information technology sectors.

Greggs added 6.7% for a two-session winning streak.

Centrica slipped 2.4%.

The U.K.'s FTSE 100 climbed 0.3%. Other stock indexes in Europe also mostly climbed as France's CAC 40 was broadly flat, the U.K.'s FTSE 250 rose 0.2% and Germany's DAX meandered after the flat line.

The British pound was up 0.2% against the U.S. dollar, with 1 pound buying $1.41 whereas the Swiss franc and the euro were broadly flat against the dollar.

In commodities, Brent crude was up 0.7% to $68.77 a barrel. Gold was also up 0.1% to $1,834.00 a troy ounce.

German 10-year bund yields strengthened to minus 0.204% and U.K. 10-year gilts yields were up to 0.804%. The 10-year U.S. Treasury yield strengthened to 1.595% from 1.576% on Friday. Yields move in the opposite direction from prices.

Indexes in Asia were mixed as Japan's Nikkei 225 index rose 0.5% and China's benchmark Shanghai Composite climbed 0.3%, whereas Hong Kong's Hang Seng was down 0.2% after gaining 0.8% during the session.

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(END) Dow Jones Newswires

May 10, 2021 03:53 ET (07:53 GMT)

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