Sep 28 (Reuters) – U.S. stock index futures pared losses sharply on Wednesday and the Dow Jones and S&P 500 e-minis briefly turned positive after the benchmark U.S. Treasury yield fell by one 12 year high.
The 10-year Treasury yield fell to 3.896%, helping to ease selling pressure on rate-sensitive growth stocks.
Futures were also relieved by the Bank of England’s decision to buy as many long-term government bonds as needed by October 14 to stabilize financial markets. Read more
As of 6:34 a.m. ET, Dow e-minis were down 55 points, or 0.19%, S&P 500 e-minis were down 13.75 points, or 0.38%, and e-minis Nasdaq 100 were down 87.25 points, or 0.77%.
Dow e-minis briefly rose 66 points, or 0.23% and S&P 500 e-minis added 3 points, or 0.08%, while Nasdaq 100 e-minis fell 27.75 points , or 0.24%.
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Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur
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