Real-time USA - 12:05 2022-11-29 pm EST
33737.47 PTS -0.33%

Wall Street Slips in Premarket; Europe Down, Asia Mixed

09/29/2022 | 08:02am
(MT Newswires) -- The benchmark US stock measures were leaning back on Thursday, with futures down pre-bell below Wednesday's closes as interest rates in global bond markets edged higher.

Standard & Poor's 500 futures were down 0.9%, the Nasdaq was pointing 1.2% lower and the Dow Jones Industrial Average also shed 0.7% before the start of trading.

Asian exchanges traded choppily overnight, with Tokyo gaining but Hong Kong undercut by sagging property stocks. European bourses tracked lower midday on the continent after gains Wednesday, following the Bank of England's move to renew bond buying to stabilize financial markets.

CarMax (KMX) and Worthington Industries (WOR) report earnings pre-bell, among others.

On the economic calendar is the weekly initial jobless claims report at 8:30 am ET, along with the third estimate of second-quarter gross domestic product. The Energy Information Administration's weekly report on domestic natural-gas stocks posts at 10:30 am ET.

Federal Reserve Bank of Cleveland President Loretta Mester speaks at 1 pm ET. San Francisco President Mary Daly speaks at 4:45 pm ET.

In pre-market action, bitcoin traded at $19,532, West Texas Intermediate crude oil traded higher at $82.35 per barrel, and 10-year US Treasuries offered 3.82%. Gold traded for $1,657 an ounce.

MT Newswires 2022
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