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U.S. stock index futures edge lower, semiconductor stocks continue to decline

MeNews
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ME News update: On May 19 (UTC+8), as the yield on the 10-year U.S. Treasury bond rose to above 4.6%, U.S. stock index futures edged slightly lower. Major semiconductor stocks such as Micron Technology (MU.O) and NVIDIA (NVDA.O) continued their decline in pre-market trading. If the S&P 500 index continues to fall today, the stock will close down for the third consecutive trading day. Rising yields, persistently high inflation, and stubbornly high oil prices are undermining investors’ willingness to invest. Ed Yardeni, President of Yardeni Research, said that a stagflationary macroeconomic environment may not necessarily hinder stock market performance, as long as companies can still improve profit margins. (Source: ChainCatcher)
US500-0.22%
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