Dow Jones futures climb as ServiceNow and Twilio add to buying interest
Dow Jones futures edged higher, supported by new buying in ServiceNow and Twilio, while the S&P 500 and Nasdaq slipped below their 50-day averages amid rising oil prices and Treasury yields.
Dow Jones futures moved up modestly on Thursday, buoyed by fresh buying activity in ServiceNow and Twilio, which were among eight stocks added to a new-buy list. At the same time, the S&P 500 and Nasdaq indexes fell below their 50-day moving averages as higher oil prices and increasing Treasury yields pressured equity markets.
Analysts noted that the rise in oil prices and the jump in yields could influence bond market reactions to the Federal Reserve's recent rate hike, though no specific forecast was provided.
"The market is reacting to higher energy costs and yield pressures, which may shape bond performance in the coming weeks," a market commentator said.
The report included standard disclosures stating that the information is for educational purposes only and does not constitute a recommendation to buy or sell securities.