U.S. stock futures exhibited minimal fluctuations during Thursday’s evening trading session, following a day where major benchmark indices experienced continued declines due to rising Treasury yields, which dampened investors’ risk appetite.
As of 7:05 PM ET (11:05 PM GMT), Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures displayed marginal movements within a 0.1% range.
In extended trading sessions, Scholastic Corp (NASDAQ:SCHL) witnessed a substantial decrease of 15.3% after reporting Q1 losses of $2.20 per share, significantly higher than the anticipated losses of $1.20 per share. The company also posted revenues of $228.5 million, falling short of the expected $272.52 million.
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Looking ahead to Friday’s trading session, investors will closely monitor preliminary services and manufacturing Purchasing Managers’ Index (PMI) data, along with a speech from Federal Reserve Governor Cook.
In the regular trading session on Thursday, the Dow Jones Industrial Average incurred a loss of 370.5 points, equivalent to a 1.1% decline, closing at 34,070.4. The S&P 500 also experienced a drop of 72.2 points, down 1.6%, to reach 4,330, while the NASDAQ Composite saw a decrease of 245.1 points, representing a 1.8% decline to settle at 13,224.
On the bond market front, United States 10-Year Treasury yields reached a 16-year high, climbing to 4.494%.
