The move in futures followed a sharp sell-off triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields.
Stock futures were flat in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average rose just 30 points, while S&P 500 futures were little changed. The Nasdaq 100 futures dipped 0.2%. All eyes will be on February jobs report, which is set to be released Friday morning. Economists expect to see that 210,000 payrolls were added in February, compared to just 49,000 in January, according to Dow Jones. The move in futures followed a sharp sell-off triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. He said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected the Fed chair to signal his willingness to adjust the Fed’s asset purchase program.
