US pre-open: Futures higher despite Treasury yields pushing to 24‑year high

(Sharecast News) - Wall Street futures were in the green ahead of the opening bell on Thursday, even as Treasury yields continued to hover at multi-decade highs. As of 1230 BST, Dow Jones futures were up 0.08%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.37% and 0.77% firmer, respectively.

The Dow closed 443.87 points lower on Wednesday, extending losses recorded in the previous session.

Thursday's pre-market gains come despite the yield on the benchmark 10-year Treasury note rising more than one basis point to 5.303% to trade near levels not seen since 2002, while the the 30-year bond yield was up one and a half basis point at 5.649%.

On the macro front, US employers announced 43,281 job cuts in September, according to Challenger, Gray & Christmas, down from 52,881 in August and 54,064 a year earlier, marking the lowest September total since 2022. The tech sector led reductions with 10,799 planned cuts, followed by food at 7,326 and services at 3,306. Third‑quarter layoff plans totalled 129,591, a 43% drop from the 226,242 recorded in Q2. Year‑to‑date, employers have announced 573,195 cuts, down 39% from the 946,426 seen in the first nine months of 2025. Tech remained the largest contributor, with 165,925 cuts so far this year.

Still to come, weekly jobless claims data from the Labor Department will be published at 1330 BST, while S&P Global's September purchasing managers index was slated for release at 1445 BST, and both the Institute for Supply Management's September PMI and August construction spending figures will follow at 1500 BST.

In the corporate space, semiconductor group Micron Technology posted stronger‑than‑expected quarterly results after the close on Wednesday as the memory‑chip maker continued to benefit from surging demand for AI infrastructure. Micron said adjusted earnings per share came in at $33.42, ahead of the $31.61 expected on the Street, while revenues rose to $54.23bn, topping forecasts of $51.07bn and almost quadrupling from $11.32bn a year earlier.

Nike will report its latest quarterly earnings figures after the close of trading.



Reporting by Iain Gilbert at Sharecast.com