"Futures are trading higher this morning after a messy Wednesday trading session that saw all major indices except the Nasdaq end lower, with the Nasdaq closing virtually unchanged at 24,603, up 0.04%."
"The story of the day, of course, was oil leaping once again over the $100 mark in a big way, and moving back to the highest levels we have seen since earlier this month."
"Yields were up again across the Treasury curve on Wednesday, and Wall Street immediately pointed to the Federal Reserve's stance of holding rates steady despite the highest number of dissents among the voting Governors since 1992."
"Gold continued its losing streak, posting a sharp decline for a third straight session, extending a broader period of weakness, with gold dropping 8 out of the past 10 sessions."
Futures are trading higher following a turbulent Wednesday where major indices, except the Nasdaq, ended lower. Oil prices surged past $100, driven by geopolitical tensions and Federal Reserve policies. The S&P 500 and Dow Jones saw slight declines, while the small-cap Russell 2000 was the biggest loser. Treasury yields rose, reflecting the Fed's steady interest rate stance amid dissent among voting Governors. Gold prices continued to decline, marking a broader trend of weakness in the market.
Read at 24/7 Wall St.
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