U.S. Stock Futures Point to Rally Extending

U.S. stock futures advanced on Wednesday, signaling that the major indexes will resume this month's rally after the opening bell.

S&P 500 futures edged up 0.3%, while contracts linked to the tech-heavy Nasdaq-100 gained 0.5%. Both the S&P 500 and the Dow Jones Industrial Average closed lower on Tuesday after notching record highs earlier in the week.

10-year U.S. Treasury yields strengthened to 1.161%, from 1.156% on Tuesday. Bond yields move inversely to prices.

The corporate earnings season remains under way, with companies including General Motors, Coca-Cola and Uber Technologies scheduled to post their results on Wednesday.

Overseas, the Stoxx Europe 600 ticked up 0.1%.

Among individual stocks, John Wood Group jumped 2.5%. ACS fell 2.4% for a two-day losing streak and Capita slipped 3%.

The Swiss franc was up 0.1% against the U.S. dollar, with 1 franc buying $1.12. Meanwhile, the euro and the British pound were flat against the U.S. dollar.

In commodities, international benchmark Brent crude declined less than 0.1% to $61.08 a barrel. Gold strengthened 0.5% to $1,845.80 a troy ounce.

German 10-year bund yields were up to minus 0.439% and U.K. 10-year gilts yields strengthened to 0.475%.

Indexes in Asia mostly climbed as Hong Kong's Hang Seng gained 1.9%, Japan's Nikkei 225 index rose 0.2%, and China's benchmark Shanghai Composite climbed 1.4%.

-- An artificial-intelligence tool was used in creating this article.

(END) Dow Jones Newswires

February 10, 2021 03:57 ET (08:57 GMT)

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