Stock Futures Point to Gains After Holiday

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June 21, 2022 3:40 am ET

U.S. stock futures climbed, pointing to a strong start for major indexes after the Juneteenth holiday break.

Futures on the S&P 500 strengthened 1.4% and futures tied to the Dow Jones Industrial Average rose 1.3%. Changes in equity futures don’t necessarily predict market moves after the markets open.

Europe stocks advanced Tuesday for a three-day run of gains. The Stoxx Europe 600 climbed 0.5% in morning trade. Industrials and materials sectors led gains while consumer staples and healthcare sectors lost ground.

The U.K.’s FTSE 100 gained 0.2%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.6%, the U.K.’s FTSE 250 added 0.2% and Germany’s DAX climbed 0.5%.

The Swiss franc, the euro and the British pound gained 0.2%, 0.3% and 0.5% respectively against the U.S. dollar.

In commodities, international benchmark Brent crude rose 0.3% to $114.42 a barrel. Gold was down 0.3% to $1,835.90 a troy ounce.

The yield on German 10-year bunds fell to 1.725% and U.K. 10-year gilts yields slipped to 2.593%. 10-year U.S. Treasury yields were up to 3.276% Tuesday from 3.238% on Friday. Yields move inversely to prices.

Indexes in Asia were mixed as Hong Kong’s Hang Seng climbed 1.5% and Japan’s Nikkei 225 index added 1.8%, whereas China’s benchmark Shanghai Composite lost 0.3%.

Traders worked on the floor of the New York Stock Exchange on Thursday.

Photo: Spencer Platt/Getty Images

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