Stock Futures Rise to End Volatile Week

May 13, 2022 3:37 a.m. ET

Stock futures rose at the end of a volatile week that saw the Dow Jones Industrial Average suffer its longest losing streak since January.

S&P 500 futures rose 0.8% and Dow Jones Industrial Average futures gained 0.6%. Changes in equity futures are not necessarily predictive of moves after the market open.

European stocks rallied on Friday after three sessions of gains. Stoxx Europe 600 rose 0.6% in morning trade. The financials and healthcare sectors led gains while the media services sector lost ground.

HSBC Holdings is up 2.6% for the three-day winning streak and Prudential is up 2.7%.

The UK’s FTSE 100, which is dominated by large international businesses, rose 0.8 per cent. Other stock indexes in Europe were also mostly higher, with France’s CAC 40 up 0.7 percent, Britain’s FTSE 250 up 0.9 percent and Germany’s DAX up 0.6 percent.

The Swiss franc, euro and pound strengthened 0.2%, 0.2% and 0.1% respectively against the dollar.

In commodities, Brent crude rose 1% to $108.49 a barrel. Gold fell 0.1% to $1,823.10 an ounce.

The German 10-year bundle yield is up to 0.897%, and the 10-year British government debt known as the back-hungry yield has risen to 1.718%. Yields on 10-year US Treasuries increased from 2.815% to 2.889%. Yields move in the opposite direction of price.

Stocks in Asia mostly rallied with Hong Kong’s Hang Seng up 2.2%, Japan’s Nikkei 225 up 2.6% and China’s Shanghai Composite up 1%.

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


Photo:

John Minchillo / Associated Press

—An artificial intelligence engine was used to create this article.

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https://www.wsj.com/articles/global-stocks-markets-dow-update-05-13-2022-11652427448?mod=rss_markets_main Stock Futures Rise to End Volatile Week

Edmund DeMarche

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