The U.S. dollar briefly fell against the yen on Thursday after data showed the world's largest economy grew more slowly than expected in the first quarter. Gross domestic product increased at a 1.6% annualized rate in the last quarter,
Stock futures initially jumped on Friday after the Federal Reserve’s preferred inflation measure rose in line with expectations. Dow Jones Industrial Average futures were up 0.3%. S&P 500 futures were up 0.
In response, Dow Jones Industrial Average (DJIA) futures are nearly 400 points lower, and futures tied to both the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are swimming in red ink as well. Don't sweat this streaming stock's dip.
U.S. stock futures fell early Thursday as disappointing corporate earnings and elevated bond yields looked set to stall the market rebound. Futures on the Nasdaq 100 fell 1.0%, S&P 500 futures declined 0.
Wall Street stocks retreated Thursday following disappointing US economic data, as Facebook parent Meta and other large companies tumbled after earnings.
The 10-year yield broke past a key level to hit the highest intraday level for the year on Thursday, following the release of gross domestic product data. Yields on notes that are expiring in 10 years hit 4.
Stock futures fell further Thursday after the release of first quarter gross domestic product figures. Dow Jones Industrial Average futures were down 430 points or 1.1%. S&P 500 futures were off 1.1% as well.