U.S. Stock Futures Tick Higher

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May 26, 2021 3:38 am ET

U.S. stock futures and Treasury yields rose on Wednesday, while the price of bitcoin crawled back above $40,000.

Futures on the S&P 500 gained 0.3% and futures tied to the Dow Jones Industrial Average rose 0.3%. Changes in futures don’t necessarily predict market moves after the opening bell.

European stocks advanced Wednesday for a five-day run of gains.

The Stoxx Europe 600 added 0.3% in morning trade, and it is at its highest level in a year. Communication services and utilities sectors led gains while financials and healthcare sectors lost ground.

The U.K.’s FTSE 100 climbed 0.2%. Other regional stock indexes in Europe also mostly gained as France’s CAC 40 climbed 0.3%, the U.K.’s FTSE 250 rose 0.4% and Germany’s DAX added 0.4%.

The euro and the British pound depreciated 0.1% against the U.S. dollar. Meanwhile, the Swiss franc was mostly flat against the U.S. dollar, with 1 franc buying $1.12.

In commodities, Brent crude strengthened 0.6% to $68.88 a barrel. Gold also strengthened 0.4% to $1,906.40 a troy ounce.

German 10-year bund yields were down to minus 0.178% and U.K. 10-year gilts yields declined to 0.782%. The 10-year U.S. Treasury yield gained to 1.573% from 1.563%. Yields move inversely to prices.

In Asia, indexes mostly climbed as Hong Kong’s Hang Seng added 0.6%, Japan’s Nikkei 225 index rose 0.3%, and China’s benchmark Shanghai Composite gained 0.3%.

Anjali Sud, right, CEO of Vimeo, stands in front of the Nasdaq MarketSite as her colleagues light sparklers following the company’s direct listing on Nasdaq on Tuesday.

Photo: Mark Lennihan/Associated Press

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