U.S. stock futures mixed in pre-market trading for Friday, April 27.The Nasdaq Futures is trading at 6,747.75 up with +0.19% percent or +13.00 point.The S&P 500 Futures is trading at 2,669.25 with a loss of -0.20% percent or -5.25 point. The Dow Futures is trading at 24,264.00 with a loss of -0.21% percent or -46.00 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,467.87 up with +0.66% percent or +148.26 point. Hong Kong’s Hang Seng is trading at 30,221.74 up with +0.71% percent or +214.06 point. China’s Shanghai Composite is trading at 3,081.00 up with +0.19% percent or +5.97 point. India’s BSE Sensex is trading at 34,952.32 up with +0.69% percent or +238.72 point at 12:15 PM.The FTSE 100 is trading at 7,434.98 up with +0.18% percent or +13.55 point. Germany’s DAX is trading at 12,587.08 up with +0.69% percent or +86.61 point. France’s CAC 40 is trading at 5,459.38 up with +0.11% percent or +5.81 point. The Stoxx Europe 600 is trading at 384.36 up with +0.18% percent or +0.69 point.
Friday’s Factors and Events
U.S. market were higher on Thursday.For the day the Dow is trading at 24,322.34 up with +0.99% percent or +238.51 point. The S&P 500 is trading at 2,666.94 up with +1.04% percent or +27.54 point. The Nasdaq Composite is trading at 7,118.68 up with +1.64% percent or +114.94 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,557.89 up with +0.48% percent or +7.43 point; the S&P 600 Small-Cap Index closed at 958.70 up with +0.38% percent or +3.67 point; the S&P 400 Mid-Cap Index closed at 1,895.21 up with +0.38% percent or +7.20 point; the S&P 100 Index closed at 1,169.17 up with +1.19% percent or +13.79 point; the Russell 3000 Index closed at 1,581.47 up with +0.97% percent or ++15.16 point; the Russell 1000 Index closed at 1,581.4 up with +0.97% percent or +15.16 point;
Anybody who watches the financial channels on T.V. or follows the markets in any way is now aware that rising bond yields, and in particular the yield of the 10-Year Treasury Note, are the big story right now. Over the last couple of days, we have moved above a 3% yield on the 10-Year and then retraced back under the level a couple of times.
Each time, stocks have dropped on the break and then climbed back when we drop back below it, so most are aware that that level is significant. I am sure, however, that there are many people who don’t really know what a yield is, how it is calculated, or why they matter
Put simply, yield is the annual return an investor will get on their investment should they buy a bond at the prevailing price. Once you make that purchase, your interest return is fixed in dollar terms, even though the price of the underlying bond may vary. To understand why that, is you must understand the relationship between the price of a bond and its yield