"US Stock Futures Flat as Dow Extends Losing Streak Amid Rising Bond Yields and Higher Import Prices"

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Source: CNBC
"US Stock Futures Flat as Dow Extends Losing Streak Amid Rising Bond Yields and Higher Import Prices"
Photo: CNBC
TL;DR Summary

U.S. stock futures remained steady after the Dow's third consecutive day of losses, with Discover shares dropping 9% in after-hours trading due to a higher net charge-off rate. Wall Street closed lower as Treasury yields rose, and concerns about a strong December retail sales report potentially leading to fewer rate cuts from the Federal Reserve. Investors are awaiting weekly jobless claims, housing starts, and building permits data, as well as a speech from Atlanta Fed President Raphael Bostic. Additionally, companies such as Discover Financial Services, Alcoa, and H.B. Fuller reported their fourth-quarter results, impacting stock movements in after-hours trading.

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