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💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Stocks- U.S. Futures Fall As Market Jitters Return
© Reuters. U.S. Futures pointed to a lower opening bell on Wall Street.
Investing.com - U.S. Futures pointed to a lower open on Tuesday, as investors return from a long holiday weekend and inflation concerns continue to rattle markets.
The S&P 500 futures fell 19 points or 0.72% to 2,715.25 as of 6:40 AM ET (11:40 GMT) while Dow futures decreased 198 points or 0.78% to 25,038.0. Meanwhile tech heavy Nasdaq 100 futures was down 53 points or 0.78% to 6,733.75.
Fresh jitters have returned to the market, as investors keep an eye on the bond market amid inflation concerns. Markets were closed on Monday for President’s Day.
Bond yields continue to rise, with the benchmark 10-Year Treasury note rising to 2.904% and the 30-Year note increasing to 3.151%.
Drugstore chain Rite Aid Corporation (NYSE:RAD) was among the biggest gainers in pre-market trading, rising 29.11% after news that grocer Albertson was acquiring the firm. Meanwhile Helios and Matheson Analytics Inc (NASDAQ:HMNY), the owner of MoviePass, was up 4.22%.
Elsewhere Snap Inc (NYSE:SNAP) was down 4.70% while HSBC Holdings (LON:HSBA) PLC ADR (NYSE:HSBC) lost 3.90% after its financial results missed analysts’ expectations and Apple (NASDAQ:AAPL) decreased 1.06%.
In earnings news, Home Depot (NYSE:HD) fell 0.25% in pre-market trading despite reporting higher than expected revenue for the fourth quarter, while Walmart (NYSE:WMT) rose 0.11% after its earnings beat expectations.
Investors will also be looking to other corporate earnings later on Tuesday, including, LendingClub Corp (NYSE:LC), Domino’s Pizza Group Plc (NYSE:DPZ) and Cracker Barrel Old Country Store (NASDAQ:CBRL).
In Europe stocks were mostly down. Germany’s DAX fell 18 points or 0.15% while in France the CAC 40 was flat and in London, the FTSE 100 was down 25 points or 0.36%. Meanwhile the pan-European Euro Stoxx 50 gained one point or 0.03% while Spain’s IBEX 35 rose 35 points or 0.37%.
In commodities, gold futures slumped 1.10% to $1,341.30 a troy ounce while crude oil futures were up 0.55% to $61.89 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.53% to 89.55.
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