Stocks Rise Despite Warning from Software Giant; Gold Moves Lower as TransCode Therapeutics Shares Surge
S&P 500 futures edged slightly higher as Wall Street prepares for the final trading days of a weak month and quarter. The Dow Jones Industrial Average and Nasdaq 100 futures also saw slight gains. Micron Technology slid after offering weak earnings guidance, while Peloton Interactive jumped following news of a partnership with Lululemon. The 10-year U.S. Treasury yield hit a 15-year high, pressuring equities. The month and quarter are expected to end with losses for major indexes. Investors are watching economic data and negotiations on a U.S. spending bill, while European markets opened choppy and Australia's retail sales grew less than expected. Sea shares surged after Indonesia banned e-commerce transactions on social media platforms, impacting TikTok. Toyota plans to build a third car plant in India, and high yield bonds are seen as attractive but require caution.
