Stock Futures, Treasury Yields Edge Up

May 20, 2022 3:37 a.m. ET

U.S. stock futures rose after volatile trading days, but the major indexes continued to end the week with losses.

S&P 500 futures rose 0.7% and futures tied to the Dow Jones Industrial Average rose 0.5%. Contracts do not necessarily predict market movements after the market opens.

European stocks rose Friday. Stoxx Europe 600 was up 0.7% in morning trading. The financial and consumer sectors led the gains while the consumer discretionary and real estate sectors lost ground.

Legal & General Group PLC gained 2.3% and Ackermans & Van Haaren NV gained 2.3%.

The UK’s FTSE 100, which is dominated by large international businesses, rose 1.2%. Other stock indexes in Europe also mostly gained, with France’s CAC 40 up 0.4 percent, Britain’s FTSE 250 up 0.6 percent and Germany’s DAX up 0.7 percent.

The Swiss franc and euro fell 0.1% against the US dollar. Meanwhile, the British pound is unchanged against the dollar, with 1 pound buying 1.25 USD.

In commodities, Brent crude fell 0.4% to $111.64 a barrel. Gold rose 0.3% to $1,846.00 an ounce.

The German 10-year gilt yield increased to 0.984% and the British 10-year gilt yield increased to 1.905%. Yields on 10-year US Treasuries increased from 2.854% to 2.871%. Bond yields and prices move inversely.

Asian stocks mostly gained with Hong Kong’s Hang Seng up 2.8%, Japan’s Nikkei 225 up 1.3% and China’s Shanghai Composite up 1.6%.

A trader worked on the floor at the New York Stock Exchange on Thursday.


Photo:

Seth Wenig / 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-05-20-2022-11653032201?mod=rss_markets_main Stock Futures, Treasury Yields Edge Up

Edmund DeMarche

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