Published on 30 May 2024 on Benzinga
U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment. On traders’ radar are key inflation data from the Federal Reserve, as well as jobs data and a revised quarterly GDP report besides a speech from a central bank official.
In premarket trading on Thursday, the SPDR S&P 500 ETF Trust SPY declined 0.43% to $523.85, and the Invesco QQQ ETF QQQ traded down 0.32% at $455, according to Benzinga Pro data.