Dow futures jumped more than 100 points today, indicating Wall Street will continue its gain tonight from yesterday.
As of 7:33 p.m. Thai time, the Dow futures index gained 124 points, or 0.36%, to 34,965 points.
The Dow jumped nearly 500 points yesterday on strong earnings of listed companies. As well as comments from the Federal Reserve Bank (Fed) Atlanta and Chicago, who suggested the Fed raise interest rates gradually to avoid impact on the US economy.
Procter & Gamble (P&G) shares rose more than 1% in pre-market trading. After the company posted first-quarter earnings and revenue that were higher than analysts’ expectations. Baker Hughes shares fell more than 2% after it posted lower-than-expected earnings.
Wall Street stocks are expected to be boosted by a slowdown in the 10-year U.S. Treasury yield today, after surging yesterday to 2.91%, the highest level since late 2018, amid expectations the Fed has weighed down. will accelerate the rate hike to extract inflation
The 10-year U.S. Treasury Bond is the benchmark for determining the price of bonds around the world. This includes mortgage loan interest rates. If bond yields rise will make companies face higher costs from debt settlement This will result in these companies reducing their investment. and reduce dividend payments to investors
The financial market is expected to The Fed will raise interest rates by 0.50% at its meetings in May and June.
If the Fed raises interest rates at its May meeting in line with market expectations It will be the first time the Fed has raised interest rates by 0.50% since 2000.
Investors will keep an eye on the Fed’s Beige Book, which will be released today. which will indicate the US economy and the direction of the Fed interest rate