U.S. stock index futures were little changed in overnight trading on Wednesday.
U.S. stock index futures moved higher in overnight trading on Wednesday after the Dow closed at a record level during normal trading hours. Futures contracts tied to the Dow Jones Industrial Average gained 90 points. S&P 500 futures were up 0.23%, while Nasdaq 100 futures gained 0.18%. The move comes after the Dow jumped 425 points to close at a record high in a volatile session that at one point saw the 30-stock average drop more than 110 points. The S&P 500 advanced 1.1%, while the Nasdaq Composite gained 1%. Earlier in the session, the tech-heavy index was down 1.3%. Rising rates weighed on stocks early in the session as the U.S.10-year Treasury yield topped 1.4% and hit its highest level since February 2020. Higher rates could spur investors to rotate out of stocks and into bonds.
