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Amazon.com Inc, Alphabet Inc, Tesla Inc and Microsoft Corp added
between 0.2% and 1.1% before the bell as yields on the U.S.
10-year Treasury note edged lower after hitting a fresh six-week
high earlier in the day. [US/]
A fall in Treasury note yields indicate traders expect greater
return from investments in risky assets.
Meanwhile, Meta climbed 1.4% on reports over the weekend that
the Facebook parent is preparing to announce a fresh round of
job cuts ahead of finalizing its teams budgets.
The major U.S. stock indexes ended the week previous lower, with
the tech-heavy Nasdaq clocking its first weekly loss this year.
Investor sentiment was dented by fresh concerns that the Federal
Reserve would keep higher interest rates for longer.
Markets will await January inflation and retail sales data
through the week to reassess their bets on the central bank's
monetary policy path henceforth.
Money markets expect the Fed to raise the benchmark interest
rate to 5.2% in July, levels that New York Federal Reserve
President John Williams favored last week.
At 6:53 a.m. ET, Dow e-minis were down 18 points, or 0.05%, S&P
500 e-minis were up 4.5 points, or 0.11%, and Nasdaq 100 e-minis
were up 50.5 points, or 0.41%.
(Reporting by Johann M Cherian in Bengaluru; Editing by Maju
Samuel)
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