US Futures, European Stocks Drop

U.S. futures for the S&P 500 were down 0.6% and futures for the Dow Jones Industrial Average decreased 0.5%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 fell 0.8% in morning trading. Viaplay Group Series B rose 30.6% and Ocado Group climbed 4.9%. On the other hand, DocMorris slipped 4.7%, and Rightmove lost 4.5%. The FTSE 100 lost 0.6%. Other stocks in Europe were down as France's CAC 40 declined 0.8% and Germany's DAX dropped 0.9%.

The Wall Street Journal Dollar Index climbed 0.4% to 97.51.

In commodities, Brent crude was flat at $78.15 a barrel, and WTI crude was flat at $72.43 a barrel.

The German 10-year Bund yield declined by 1 basis point to 2.226% from 2.238%, and the yield on the 10-year U.S. Treasury climbed by 5 basis points to 3.993% from 3.944%. Bond prices and yields move in opposite directions.

Stocks in Asia were mixed as Japan's Nikkei 225 index declined 0.8%, whereas Hong Kong's Hang Seng dropped 2.2%. China's benchmark Shanghai Composite gained 0.3%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

January 16, 2024 03:48 ET (08:48 GMT)

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