STZ - Nasdaq S&P 500 Futures Sag As Traders Go On Data Watch: Analyst Flags Stronger Dollar Higher Oil Prices As Risks To Corporate Profits | Benzinga

Wednesday’s recovery could prove short-lived, going by the trading in stock futures, which points to a slightly lower opening on Thursday. Bond yields continued to ease and oil prices saw incremental weakness, and these could help improve the risk sentiment of traders. Two labor market readings and a few Federal Reserve speeches could offer cues for traders in Thursday’s session, while traders may also keep an eye on how the political drama is playing out at Capitol Hill.

Cues From Wednesday's Trading:

A weak private payrolls report for September and slower service sector activity tempered expectations for future rate hikes, pushing bond yields lower on Wednesday. Taking cues from the development, the stock market rebounded, with technology stocks leading from the front.

The three major averages were firmer at the open. The tech-Nasdaq Composite stayed in the green throughout the session, and the broader S&P 500 Index was higher for much of the session. The 30-stock Dow Industrials average swayed back and forth before ending firmly in the green.

Small-cap stocks continued to see volatility, with the Russell 2000 Index trading mostly lower before sneaking in above the unchanged line in the final few minutes.

Among the S&P sector classes, communication services, consumer discretionary, IT, material and real-estate stocks rallied strongly in the session, while energy stocks served as drags.

US Index Performance On Wednesday

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