US stock futures were little changed on Thursday after another volatile session in the markets that saw the Nasdaq close in correction territory, as rising bond yields and prospects of tighter monetary policy continued to push investors out of equities. Futures contracts tied to the three major indices hovered near breakeven. In regular trading on Wednesday, the tech-heavy Nasdaq closed down by 1.15% and now sits more than 10% from its November record, while the Dow and S&P 500 each fell 0.9%. High-growth tech names led the declines and remained under pressure from rising bond yields, with the benchmark 10-year yield hitting a high of 1.9% this week after starting the year at about 1.5%. On the corporate front, companies slated to report earnings on Thursday include Netflix, American Airlines, Union Pacific, Baker Hughes and Intuitive Surgical, among others. Investors also await data on jobless claims and existing home sales.
Historically, the United States Stock Market Index (US30) reached an all time high of 36960.91 in January of 2022. United States Stock Market Index (US30) - data, forecasts, historical chart - was last updated on January of 2022.
The United States Stock Market Index (US30) is expected to trade at 35253.17 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 33188.55 in 12 months time.