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US Equity Futures Mixed as Traders Monitor Bond Yields, Oil Prices

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US equity futures were mixed pre-bell Thursday as traders continued to monitor bond yields and oil prices.

Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were unchanged, and Nasdaq futures were 0.2% lower.

The US 10-year Treasury note yield lingered around 4.78%. New York Federal Reserve President John Williams told CNBC Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. He added that he is taking a "wait-and-see" approach on a potential interest rate hike.

Traders digested the latest round of earnings, with Ciena (CIEN) posting higher fiscal Q3 adjusted earnings and revenue.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.4% at $97 per barrel and US West Texas Intermediate crude 2% higher at $92.79 per barrel.

The international trade in goods report for July, scheduled for release at 8:30 am ET, is expected to post a deficit widening to $90.2 billion from $73.3 billion in the prior month, according to estimates compiled by Bloomberg. The weekly jobless claims bulletin is expected to show 205,000 new unemployment claims for the week ended Aug. 29, up from 203,000 in the prior week.

The Q2 nonfarm productivity report is expected to show an annual gain of 1.4%, unchanged from the prior value. Unit labor costs are projected to rise 1.3%, also unchanged from the previous value.

The S&P Global purchasing managers' index composite final report for August is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET.

Federal Reserve Governor Christopher Waller and Cleveland President Beth Hammack are slated to speak on Thursday.

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US Equity Markets End Higher After Government Bond Yields Fall

US equity indexes ended higher Wednesday after government bond yields fell despite Iran's retaliatory attacks across the Middle East.* The additional strikes on Iran on Tuesday led to Tehran attacking Jordan, Bahrain and Kuwait even though US President Donald Trump had warned that Iran would be "hit much harder" if it retaliated to the first strikes.* ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey.* New orders for US factory goods rose 0.9% in July from a 0.2% decrease in June, above expectations for a 0.7% increase in a survey compiled by Bloomberg.* October West Texas Intermediate crude oil rose $0.60 to settle at $90.82 per barrel, while November Brent crude, the global benchmark, was last seen up $0.75 at $95.40.* Dell Technologies (DELL) shares rose roughly 16%, the top gainer on the S&P 500, after the company reported higher fiscal Q2 results and raised its fiscal 2027 guidance.* Palo Alto Networks (PANW) shares were down about 9.3%, the worst performer on the S&P 500 and the Nasdaq, after the cybersecurity firm's fiscal Q4 adjusted gross margin declined year over year.

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Update: US Equity Indexes Rise as Treasury Yields Slip, Crude Oil Edges Up in Final Leg of Trading

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose while government bond yields edged lower and crude oil climbed amid concern that hostilities between Washington and Tehran are taking a turn for the worse.The Nasdaq Composite rose 0.3% to 26,188.5, the S&P 500 climbed 0.4% to 7,664.6, and the Dow Jones Industrial Average advanced 0.5% to 53,015.1.All sectors, except industrials and real estate, rose. Materials and communication services topped the gainers.The additional strikes Tuesday on Iran led to Tehran attacking Jordan, Bahrain and Kuwait even though US President Donald Trump had warned that Iran would be "hit much harder" if it retaliated to the first strikes in over a month. "They will be hit again at a much harder and higher level, but it will not be the biggest attack of them all, that is waiting in the wings and, when it is over, there will be very little left of the Islamic Republic of Iran!" Trump posted on Truth Social on Tuesday.The Iran Revolutionary Guards Corps said two oil tankers exploded after hitting a mine and are now on fire, Al Jazeera, a Middle Eastern broadcaster, reported Wednesday.The front-month US West Texas Intermediate crude oil contract rose 0.5% to $90.70 per barrel, and global benchmark North Sea Brent climbed 0.7% to $95.29 per barrel. Both crude types were down by more than 0.5% earlier in the session.Most US Treasury yields slipped, albeit moderately. The 10-year yield was unchanged at 4.8%. The two-year yield slipped less than one basis point to 4.39%.Meanwhile, ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey, following a 46,000 increase in July. Service-providing jobs climbed 48,000, with education and health services jobs up 45,000, while manufacturing sector jobs contracted 17,000.

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(Updates with index/price moves, macroeconomic data, and geopolitical news from the first paragraph.)US equity indexes rose as crude oil prices and government bond yields fluctuated.The Nasdaq Composite rose 0.4% to 26,215.4, the S&P 500 climbed 0.5% to 7,667.3, and the Dow Jones Industrial Average advanced 0.4% to 52,963.7 after midday Wednesday.Iranians and their Arab neighbours feared a return of war on Wednesday after the biggest exchange of fire between Tehran and Washington since July, with US forces striking Iran's southern coast and Iran firing at American bases across the region, Reuters reported. The Iran Revolutionary Guards Corps said that two oil tankers exploded after hitting a mine and are now on fire, Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract added 0.6% to $90.79 per barrel, and global benchmark North Sea Brent climbed 0.9% to $95.53 per barrel. Both crude types were down by more than 0.5% earlier in the session.Most US Treasury yields traded mixed, albeit moderately. The 10-year yield edged up by less than one basis point to 4.8% after trading slightly lower earlier in the session. The two-year yield slipped less than one basis point to 4.39%.Meanwhile, ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey, following a 46,000 increase in July. Service-providing jobs climbed 48,000, with education and health services jobs up 45,000, while manufacturing sector jobs contracted 17,000.Dell Technologies (DELL) jumped 10%, the top gainer on the S&P 500, after the company reported higher fiscal Q2 non-GAAP adjusted earnings and revenue, and raised its fiscal 2027 guidance.

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