"Futures are trading lower as we prepare to close out the trading week. What a difference a day can make. After a blockbuster rally on Wednesday, the stock market reversed course and sold off on Thursday, and that could carry over into today. While the major indices ended off their midday lows, they all closed lower, with the Nasdaq taking the biggest hit, down 0.72% to 23,685."
"Similar to Wednesday, yields were down across the Treasury curve for many of the same reasons we have seen all week. Concerns about Iran, the weakening dollar, and the potential for a partial government shutdown this weekend all contributed to demand for U.S. government debt. The 30-year bond closed at 4.86%, while the benchmark 10-year note was last at 4.24%."
Futures are trading lower as markets prepare to close the trading week after a sharp reversal. The Nasdaq led declines, falling 0.72% to 23,685, while the Dow rose 0.11% to 49,071 and the S&P 500 fell 0.13% to 6,9679. Meta's blowout earnings and strong forward guidance limited broader index losses, while Microsoft reported disappointing results. The Russell edged up 0.05% to finish at 2,654 after breaking a string of down days. Treasury yields fell across the curve amid Iran concerns, a weakening dollar, and potential partial government shutdown risks, with the 30-year at 4.86% and the 10-year at 4.24%. Oil and natural gas rallied on geopolitical risk, with Brent at $70.71, WTI at $65.65, and nat gas at $3.91.
Read at 24/7 Wall St.
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