Dow Futures Soar Ahead of Biden, McCarthy’s Debt-Ceiling Meeting
Stock futures faltered. Futures for the S&P 500 and Dow industrials rose 0.1%. Contracts linked to the technology-heavy Nasdaq-100 were almost flat. Semiconductor stocks were dented by China’s decision to ban major firms from buying products from Micron Technology
Bond yields ticked higher. The yield on the 10-year US Treasury note was 3.699%, up from 3.690% on Friday.
Greek values increased after the ruling Conservative Party crushed the opposition in the weekend’s election. The yield on the 10-year Greek government bond fell to 3.860%, from 4.013% on Friday. The Athex Composite benchmark stock index jumped 6.6%.
Other European stock indices ebbed. The Stoxx Europe 600 fell 0.1%, while Germany’s DAX fell 0.4% after closing at a record high on Friday.
Asian shares rose. Hong Kong’s Hang Seng rose 1.2%, while Japan’s Nikkei 225 rose 0.9% to close at its highest since July 1990. South Korea’s Kospi ended 0.8% higher.