S&P 500 Nears First Record Since August as Brent Falls Toward $98
Updated
Updated · Bloomberg · Oct 6
S&P 500 Nears First Record Since August as Brent Falls Toward $98
3 articles · Updated · Bloomberg · Oct 6
Summary
US stock futures rose 0.3%, putting the S&P 500 on track to edge closer to its first record high since August after the benchmark finished just shy of an all-time peak.
Tech shares led the move, with the Nasdaq 100 set to extend its record run and all seven Magnificent Seven stocks advancing in early trading.
Brent crude slid toward $98 a barrel, easing inflation concerns and helping lift global equities alongside a rebound in Treasuries.
Bond gains followed a sharp selloff that had pushed 10-year Treasury yields to their highest level since 2002 on Monday, while the dollar wavered.