U.S. futures edged lower on Thursday, with futures for the S&P 500 down 0.2% and Dow Jones Industrial Average futures less than 0.1% lower, the Associated Press reports. U.S. markets will close to observe a National Day of Mourning for former President Jimmy Carter.
On Wednesday, Wall Street was steady, with the S&P 500 rising 0.2% and the Dow Jones Industrial Average adding 0.3%. The Nasdaq composite edged 0.1% lower, and the Russell 2000 index of smaller stocks fell 0.5%.
Edison International tumbled 10.2% as massive wildfires burned in the Los Angeles area. The company’s Southern California Edison utility said Wednesday it shut off power to nearly 120,000 customers in six counties over safety concerns due to high winds and the risk of wildfires.
The yield on the two-year Treasury, which tends to closely track expectations for Fed action, fell to 4.27% from 4.29% late Tuesday. The yield on the 10-year Treasury, which is the centerpiece of the bond market, eased to 4.67% from 4.69% late Tuesday. It was below 3.65% in September.
In other dealings early Thursday, U.S. benchmark crude oil shed 16 cents to $73.16 per barrel. Brent crude, the international standard, fell 8 cents to $76.08 per barrel.
A dollar bought 158.08 yen, down from 158.36 late Wednesday.
