Futures for U.S. markets pointed downward late Thursday as investors reassessed their positions after a renewed day of enthusiasm for the election of Donald Trump and after fresh indications the next rate rise was just weeks away.
The Dow Jones Industrials lost 0.1%, the S&P 500 0.13% and Nasdaq 0.05% at 9:01 p.m. ET.
All three indices closed higher Thursday as the Trump rally continued and investors bet his low-regulation, low-tax proposals would be good for the economy. The gains came despite testimony by Federal Reserve chair Janet Yellen in front of Congress that indicated that a much-expected December rate increase is likely to become reality.
The euphoria pushed the Dow up 0.19%, the S&P 0.47% and Nasdaq 0.74% Thursday. Europe was also in a good mood Thursday as President Barack Obama continued his European tour with a stop in Berlin. Germany's Dax gained 0.2%, the FTSE in London 0.67% and the Cac in Paris 0.59%.
Asia opened mixed on the final trading day of the week with Japan's Nikkei up 0.76% at 9:12 p.m. ET as the yen continued to weaken against the dollar, improving prospects for exporters. Australia's ASX also gained, adding 0.18% while the Kospi in South Korea pared 0.46% and the Hang Seng in Hong Kong 0.15%.
In currencies, the yen added 0.12%, to ¥110.366, against the dollar while the pound gained 0.18%, to £0.8067, at 9:15 p.m. ET.
Over in energy, a barrel of industry standard Brent crude slipped 1.03%, to $46.01, while a barrel of its U.S. counterpart slipped 1.1% at 9:03 p.m. to $44.92. The prices represent futures for delivery in January and December, respectively.