Stock futures rose, with tech stocks leading premarket gains, after the Nasdaq Composite logged its worst two-day start to the year since 2005. Bond yields, meanwhile, edged upward as investors mulled the outlook for rate cuts in the coming months.
Stock futures ticked higher. Contracts tied to the tech-heavy Nasdaq-100 led gains.
Bond yields resumed their rise. The yield on the 10-year U.S. Treasury note edged closer to 4%. Yields had dropped Wednesday, after rising for three straight sessions.
Oil prices climbed. Brent crude, the global oil benchmark, rose toward $80 a barrel. The oil market is being pulled between rising tensions in the Middle East and record supply from the U.S.
Bitcoin remained near $43,000. The volatile cryptocurrency’s price topped $45,000 earlier in the week.
Overseas stocks were mixed. European indexes climbed while shares fell in Shanghai and Tokyo.
Earnings from Walgreens Boots Alliance, Conagra and Lamb Weston are expected before the bell.
The ADP employment report is expected to show that the private sector added 130,000 jobs in December. That comes ahead of Friday’s closely watched monthly nonfarm payrolls.
