Stock Futures Rise After Volatile Week

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U.S. stock futures gained following a volatile week in which whipsaw moves injected fresh volatility into markets.

For the federal Juneteenth holiday on Monday, U.S. stock exchanges will be closed, as will U.S. bond and commodities markets, most banks and post offices.

S&P 500 futures strengthened 0.3% and futures on the Dow Jones Industrial Average rose 0.2%.

The three major indexes finished last week with sharp losses. The S&P 500 fell 5.8% for the week, its largest decline since the Covid pandemic roiled markets in March 2020. The Dow fell 4.8% for the week, its biggest drop since October 2020.

On Monday, the pan-European Stoxx Europe 600 index was broadly flat, as gains in financials and consumer discretionary sectors were muted by losses in materials and industrials sectors.

Carnival

added 4.6% for a two-session winning streak and

Royal Mail

jumped 3.8%. Rio Tinto Group slipped 2.3% for a three-day losing streak and

easyJet

declined 3.6%.

The FTSE 100 climbed 0.4%. Other stock in Europe were mixed as U.K.’s FTSE 250 gained 0.3% and Germany’s DAX gained 0.2%, whereas France’s CAC 40 traded mostly flat and lost 0.1%.

The Swiss franc and the euro were up 0.4% and 0.3% respectively against the U.S. dollar and the British pound was flat against the U.S. dollar, with 1 pound buying $1.22.

The New York Stock Exchange and Nasdaq will shut Monday.



Photo:

yuki iwamura/Agence France-Presse/Getty Images

In commodities, international benchmark Brent crude was down 0.1% to $113.02 a barrel. Gold was up 0.1% to $1,842.70 a troy ounce.

The yield on German 10-year bunds rose to 1.677% from 1.658% and 10-year gilts yields gained to 2.506% from 2.500%. Yields move inversely to bond prices.

In Asia, indexes were mixed as Hong Kong’s Hang Seng climbed 0.3% after falling as much as 1% during the session, whereas Japan’s Nikkei 225 index was lower 0.7% after trading higher 0.7% and China’s benchmark Shanghai Composite was flat after teetering between 0.5% and minus 0.7%.

—An artificial-intelligence tool was used in creating this article.

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