U.S. Futures, European Stocks Rise as Strength in Tech Stocks Boosts Sentiment

U.S. futures for the S&P 500 were up 0.8% and futures for the Dow Jones Industrial Average climbed 0.4%. Changes in futures do not necessarily predict movements after the opening bell.

In Europe, the Stoxx Europe 600 gained 1.1% in morning trading. Evotec rose 7.5% and Avanza Bank Holding added 6.3%. On the other hand, Ubisoft Entertainment dropped 14.9%, and Teleperformance sunk 7.8%. The FTSE 100 added 0.5%. Other stocks in Europe were up as France's CAC 40 increased 1.3% and Germany's DAX rose 1.2%.

The Wall Street Journal Dollar Index fell 0.1% to 95.88.

In commodities, Brent crude fell 2.3% to $71.19 a barrel, and WTI crude dropped 2.4% to $67.99 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was down 1% to 36.95 euros a megawatt hour.

The German 10-year Bund yield held steady at 2.183%, and the yield on the 10-year U.S. Treasury was flat at 3.787%. Bond prices and yields move in opposite directions.

Stocks in Asia were up as Japan's Nikkei 225 index climbed 2.8%, and Hong Kong's Hang Seng gained 4.2%. China's benchmark Shanghai Composite gained 3.6%.

-This article was automatically generated by MarketWatch.

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(END) Dow Jones Newswires

September 26, 2024 03:50 ET (07:50 GMT)

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