U.S. equity futures traded modestly lower on Wednesday morning, the day after a Wall Street rally led by technology companies, although investors remain concerned about the war in Ukraine and inflation.
joining a NATO meeting and EU Summit Thursday in Europe, where sanctions and the Russian oil embargo will likely top the agenda.
U.S. West Texas Intermediate crude futures rose $1.58, or 1.4%, to $110.88 a barrel, after losing 36 cents in the previous session.FILE PHOTO: Pump Jacks are seen at sunrise near Bakersfield, California. The yield on the 10-year Treasury climbed Wednesday to 2.39% from 2.30% late Monday. The yield, which influences interest rates on mortgages and other consumer loans, was at 2.14% late Friday.. The Census Bureau is expected to say that sales of new single-family homes rose 1.1% to a seasonally adjusted annual rate of 810,000 in February.
In Asia, Japan’s benchmark Nikkei 225 surged 3.0%, Hong Kong’s Hang Seng jumped 1.2% and China's Shanghai Composite rose 0.3%. Chinese network equipment maker ZTE Corp's shares soared nearly 27% after the company said a U.S. judge had allowed a probation period to end after the company was nearly destroyed in a clash with Washington over its dealings with Iran and North Korea.
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