Nasdaq 100 Futures Rise 0.6% as Yields Stabilize After 5-Day Slide
Updated
Updated · Bloomberg · Aug 21
Nasdaq 100 Futures Rise 0.6% as Yields Stabilize After 5-Day Slide
3 articles · Updated · Bloomberg · Aug 21
Summary
Nasdaq 100 futures climbed 0.6% by 8:16 a.m. and S&P 500 futures added 0.4%, putting US stocks on course for an early Friday rebound.
Stabilizing bond yields and a surge in Bitcoin helped steady sentiment after tech shares had been pressured by long-dated Treasury yields hitting their highest level since 2007.
If the gains hold through the session, the Nasdaq 100 would end a five-day losing streak that has weighed on the broader market this week.
The move extends a tentative recovery in futures as investors also await more detail on Treasury bond buybacks and the Trump administration's Iran economic plan.