| Previous close | 4,141.59 |
| Open | 4,141.58 |
| Volume | 2,091,873,846 |
| Day's range | 4,120.87 - 4,151.69 |
| 52-week range | 2,727.10 - 4,151.69 |
| Avg. volume | 5,191,033,333 |
- Editor's pickYahoo Finance
Stock market news live updates: Stock futures open higher after tech-led drop
Traders awaited the next batch of earnings results and a slew of economic data Thursday morning.
- Editor's pickYahoo Finance
Fed Chairman Powell has not yet met with President Biden
Fed Chairman Jerome Powell said that he has not yet met with President Joe Biden, illustrating the administration’s caution in approaching matters at the independent central bank.
- Bloomberg
Most Asia Stocks Dip After U.S. Slips off Record: Markets Wrap
(Bloomberg) -- Most Asian equities dipped Thursday after U.S. indexes eased from all-time peaks, with the drop in cryptocurrency exchange Coinbase Global Inc. overshadowing strong bank earnings. Oil trimmed earlier gains.Shares fell in Hong Kong and China as the central bank effectively drained cash from the financial system, adding to concerns about tightening liquidity. Tech stocks also struggled. Japan and South Korea edged higher. U.S. futures fluctuated after Coinbase traded down in its Nasdaq debut. Bank stocks gained overnight on revenue windfalls for the likes of Goldman Sachs Group Inc.The dollar inched upward after three straight days of losses, and the benchmark 10-year Treasury yield held around 1.63%.In Asia’s session, investors are also watching for further tremors from the sharp selloff in the bonds of distressed-debt enterprise China Huarong Asset Management Co., which has pushed investment-grade spreads higher.With equities hovering around record levels, traders are watching the earnings season for further catalysts. Expectations for a strong profit rebound have buoyed indexes, setting the bar high as reporting gets underway. More broadly, investors are alert to any setbacks to the economic recovery from spikes in Covid-19 infections and troubled vaccine rollouts.“You’re going to see this tug-of-war continue within markets as investors weigh the prospects of a strengthening economy with the risk of rising inflationary pressures,” said Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors.The Federal Reserve remains committed to supporting the recovery, and will start tapering asset purchases “well before” policy makers consider raising interest rates, Chairman Jerome Powell told the Economic Club of Washington Wednesday.Bitcoin touched a record of $64,870 before slipping. Oil trimmed an overnight surge but remained around $63 a barrel as shrinking crude stockpiles in the U.S. supported hopes for a global demand recovery.Some key events to watch this week:U.S. data including initial jobless claims, industrial production and retail sales come Thursday.China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures edged up 0.1% as of noon in Tokyo. The index closed down 0.4%.Japan’s Topix Index was up 0.4%.The Shanghai Composite slipped 1.1%.The Hang Seng was down 1.1%.South Korea’s Kospi Index rose 0.2%.Australia’s S&P/ASX 200 Index added 0.1%.CurrenciesThe Bloomberg Dollar Spot Index rose less than 0.1%.The euro was at $1.1974.The Japanese yen was little changed at 108.92 per dollar.The offshore yuan was at 6.5410 per dollar, down 0.1%.BondsThe yield on 10-year Treasuries was at 1.63%.Australia’s 10-year yield was up three basis points to 1.78%.CommoditiesWest Texas Intermediate crude slipped 0.1% to $63.07 a barrel.Gold added 0.2% to $1,739 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
