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Home / Business / US stock futures fluctuate as bond yields rise; GE revenue on deck

US stock futures fluctuate as bond yields rise; GE revenue on deck



U.S. Stock futures fought the direction on Friday, but they made a weekly profit as investors kept an eye on rising government bond yields and focused on fresh profits.

Corporate results far exceeded expectations General Electric suggests estimates at the beginning of the session; Others, however, did not achieve the kind of blowout scores necessary to send higher-level stocks, and disappointments were punished, as underscored by Thursday's poorer results from Philip Morris International Inc., which triggered broader losses on Wall Street.

What are the main benchmarks?

Dow Jones Industrial Average Futures

YMM8, + 0.02%

rose 15 points or less than 0.1% to 24,649, while S & P 500 futures

ESM8, + 0.14%

added 4.409 points or 0.2% to 2,697.50. Nasdaq 100 futures

NQM8, + 0.06%

climbed 5.75 points or 0.1% to 6,785.75

Declines in the consumer goods, real estate and technology sectors dragged inventories down Thursday , The Dow

DJIA, -0.34%

closed 0.3% lower at 24,664.89 and moved back into negative territory for the year. The S & P 500

SPX, -0.57%

and the Nasdaq Composite

COMP, -0.78%

closed with losses of 0.6% and 0.8%, respectively.

For the week, the Nasdaq is up 2%, while the Dow and S & P 500 are expected to rise by 1.4% and 1.3% by Thursday's close.

What drives the markets?

On Friday, more earnings releases are on the program that should have a major impact on the direction of travel, even though next week's earnings season will bring serious progress with notable updates

Tech stocks might be in for another day of weakness after the Asian chip names fell on yesterday's downbeat outlook Taiwan Semiconductor

2330, -6.34%

2330, -6.34%

Taiwan Semi stocks fell 6% on their worst day since 2013. Apple Inc.

AAPL, -2.83%

stocks slipped 2.8% on Thursday.

Investors will likely remain a look at the yield of the 10-year Treasury Notes

TMUBMUSD10Y, + 0.20%

which rose to 2.930% on Thursday, the highest since February 23, as inflation expectations rose. The yield rose 1 basis point to 2.92% on Friday.

There are no important economic data for publication in the meeting. However, Chicago Fed President Charles Evans will give a speech at 9:40 Eastern Time on current economic conditions and monetary policy.

Also ahead is the meeting of the Ministers of the Organization of Petroleum Exporting Countries Group and the non-OPEC countries, which are paying attention to the prospect of an expansion of the output cap deal. At the last JMMC (Joint Ministerial Monitoring Committee) summit meeting in late January, compliance with the current production reduction agreement was set at 129%.

Read: Watch for "Heavy Clearance" to thwart Saudis' desire for $ 100 oil

What do the strategists say?

"We think it's the support in installments that causes some reflection Despite good revenue so far, the market appears to be causing a sector rotation as a commodity rally, with GE and HON among the sources of income investors are focusing on today Bottom Line: There is likely to be a narrow trading range down, "said Peter Cardillo, Chief Market Economist at Spartan Capital Securities.

Which stocks are in focus?

GE

GE, + 2.42%

shares rose 3% in the forearm, after adjusting for adjusted earnings before Wall Street forecasts, and reiterated its forecast.

Honeywell

HON, -0.83%

SunTrust Banks Inc.

STI, + 2.48%

State Street Corp. [19659037] STT, + 2.72%

and Schlumberger Ltd.

SLB, -0.09%

will also report revenue before the opening.

Twitter Inc.

TWTR, + 0.00%

shares rose 3% in the advance after MKM Partners bought neutral shares.

Opinion: Intel, Caution: AMD is a different company than two years ago

Pivotal Software Inc.

PVTL, + 0.00%

quoted his IPO at $ 15 per share for shares traded on the New York Stock Exchange on Friday. The cloud software company is controlled by a majority of Dell Technologies Inc. and VMware Inc .

VMW, -1.42%

See: Pivotal IPO-5 Things to Know About the Cloud Software Company

What other Markets Do

European stocks

SXXP, + 0.08%

shook off previous losses to get higher. Asian markets

CLK8, -0.10%

were lower as chip-related stocks were hit.

crude oil futures

CLK8, -0.10%

calmed down as the market waited for the OPEC news. Gold Futures

GCM8, -0.34%

moved south, while the ICE US Dollar Index

DXY + 0.22%

climbed to an 11-day high, partially supported by richer government bonds. The British pound

GBPUSD, -0.1136%

fell after Bank of England Governor Mark Carney had dampened expectations for a rate hike in May.


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