US stock futures trended upward on Thursday as Treasury yields, the latest <a s session.
Technology stocks experienced volatility throughout September amid concerns regarding the development and safety of artificial intelligence, with several organizations in the sector calling for a more measured pace of AI advancement.
Investors Await Nike Quarterly Results
Nike is slated to release its quarterly earnings after the market close on Thursday, with investors keeping a close watch on the company’s performance under CEO Elliott Hill.
According to available market data, Nike shares have fallen more than 44% since the start of the year.
Wall Street Ends September With Mixed Performance
The S&P 500 and Dow Jones Industrial Average retreated on Wednesday, while the Nasdaq Composite closed higher as Treasury yields remained elevated.
US Personal Consumption Expenditures inflation for August arrived below market expectations. Treasury yields initially stayed high following the release of that data before easing on Thursday morning.
For the month of September, the S&P 500 dropped 0.5% and the Dow fell 4.3%, while the Nasdaq rose 1.9%.
Over the third quarter, both the S&P 500 and Nasdaq logged their second consecutive quarterly gains and their fifth advances in six quarters. The Dow declined during the July-to-September period.
“Q3 was a difficult one for markets, as the global economy grappled with a fresh inflationary impulse and the resumption of a globally synchronized rate hiking cycle,” Deutsche Bank analysts said in a note.
