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Dow Futures Show Modest Rise as Arm Gains Momentum in Premarket Trading

Arm, Dow, Futures, Gains, Modest, Momentum, PreMarket, Rise, Show, Trading

Shares of chip designer Arm continue to rise

Shares of chip designer Arm continued to rise in offhours trading, last up 7% after jumping 25% in its stock-market debut Thursday.

Positive economic indicators in China

Factory output and consumer spending both improved in August in China and unemployment declined further. The Chinese central bank cut a short-term lending rate, in another move to support the country’s recovery.

U.S. stock futures show slight gains

Most U.S. stock futures inched up. Contracts linked to the S&P 500 and the Dow rose crept higher, while Nasdaq-100 futures were flat.

Global indexes mostly rise

Global indexes mostly rose. The pan-continental Stoxx Europe 600 and Japan’s Nikkei 225 both climbed around 1%. Hong Kong’s Hang Seng also rose.

Oil prices continue to rise

Oil kept gaining. The most actively traded contract for Brent crude edged above $94, on track for the highest close since November.

Treasury bonds hold steady

Treasury bonds held steady. The benchmark 10-year Treasury yield edged up slightly after closing Thursday at 4.289%.

European bonds experience a reversal

European bonds fell. German and Italian 10-year yields rose—in a reversal of Thursday’s reaction to the European Central Bank’s interest-rate hike, according to Joost van Leenders, investment strategist at Van Lanschot Kempen.

Data watch: Michigan consumer sentiment index

Data watch: The Michigan consumer sentiment index for September is due out at 10 a.m. ET.

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