Stock futures point to post-holiday gains

June 21, 2022 3:40 am ET

US stock futures rose, suggesting a strong start for major indices after the June 16 holiday.

Futures on the S&P 500 were up 1.4% and futures linked to the Dow Jones Industrial Average were up 1.3%. Changes in stock futures do not necessarily predict market movements after the market opens.

European stocks rose on Tuesday for a three-day winning streak. The Stoxx Europe 600 was up 0.5% in morning trade. Industrials and materials led gains, while consumer staples and healthcare lost ground.

The UK FTSE 100 gained 0.2%. Other equity indices in Europe were also mostly higher, as France’s CAC 40 rose 0.6%, Britain’s FTSE 250 gained 0.2% and Germany’s DAX gained 0.5%.

The Swiss franc, euro and pound sterling gained 0.2%, 0.3% and 0.5% respectively against the US dollar.

In commodities, international benchmark Brent rose 0.3% to $114.42 a barrel. Gold fell 0.3% to $1,835.90 an ounce.

The 10-year German Bund yield fell to 1.725% and the 10-year UK Gilt yield fell to 2.593%. US 10-year Treasury yields rose to 3.276% on Tuesday from 3.238% on Friday. Yields move inversely with prices.

Indices in Asia were mixed as Hong Kong’s Hang Seng rose 1.5% and Japan’s Nikkei 225 Index gained 1.8%, while China’s benchmark Shanghai Composite fell 0.3%.

Traders worked on the floor of the New York Stock Exchange on Thursday.


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https://www.wsj.com/articles/global-stocks-markets-dow-update-06-21-2022-11655797187?mod=rss_markets_main Stock futures point to post-holiday gains

Luke Plunkett

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