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19 Mar 2021 | 11:43

US pre-open: Futures in the green as yields slip from recent highs

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Friday as yields pulled back from their recent highs. As of 1250 GMT, Dow Jones futures were 0.11% higher, while S&P 500 and Nasdaq-100 futures had the indices opening 0.24% and 0.61% firmer, respectively.

The Dow closed 153.07 points lower on Thursday, reversing gains recorded in the previous session as the yield on the 10-year Treasury note soared, fuelling another tech sell-off.

In focus on Friday was the 10-year Treasury yield, falling three basis points to 1.69% prior to the open, dropping from the 14-month high hit a day earlier

Shares in FedEx were also in focus after the delivery agent topped third-quarter expectations on both the top and bottom lines, while Nike stocks were under the cosh after posting weaker than expected quarterly revenues.

No major corporate earnings or data points were slated for release on Friday.
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