U.S. stock futures slipped on Friday after Wednesday’s higher close. Futures of major benchmark indices fell.
The New York Stock Exchange closed early at 1 p.m. ET on Wednesday and remained closed Thursday for Christmas Day. On the economic data front, U.S. initial jobless claims declined by 10,000 from the previous week to 214,000 in the week ending Dec. 20, compared to market estimates of 223,000.
Meanwhile, the 10-year Treasury bond yielded 4.15%, and the two-year bond was at 3.51%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.029% at $690.18, while the QQQ declined 0.014% to $623.84, according to Benzinga Pro data.
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