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Market Update: US Stock Futures Trade Mixed
US Futures were mixed in early APAC deals on Thursday, following slight gains in the previous session as investors looked to await the latest data on US weekly jobless claims due later in the session and personal consumption expenditure data released on Friday. While the Fed sees higher inflation as temporary and due to supply and demand imbalances, Fed vice chair for supervision Randal Quarles noted that he was prepared to open talks on reducing the central banks emergency support measures. Local 10-year bond yields held above 3-week lows of 1.579%. Among stocks, Snowflake shares tumbled 5% in extended trading after the data-analytics software company reported widening losses, while Nvidia slipped 0.96% despite reporting sales growth of 84% in Q1 compared to last year. On Wednesday, the Dow added 10.59 points or 0.03% to 34323.06, the S&P 500 added 7.86 points or 0.19% to 4195.98 and the Nasdaq added 80.82 points or 0.59% to 13738. [/s2If]
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