US futures remained flat on Wednesday as investors remained on edge after yields on the 30-year government bond hit a record low. This added concern about the economic downturn of the protracted trade war.
30-year bonds fell below those of 3-months earlier for the first time since 2007, while the two-year turned against the 10-year bond. Bond inversion is considered to be a precursor to a recession, though when it will fall remains uncertain.
The Nasdaq 100 futures were up 2 points or 0.1%, while the Dow futures were up 10 points or 0.1% and the S&P 500 futures were up 2 points or 0.1%.
Altria (MO.US) rose 0.6% in the aftermarket, after falling 3.5% in news that it is in talks with Philip Morris (PM.US) for a merger. Facebook (FB.US) gained 0.7%, while Intel (INTC..US) rose 0.2% and Teva rose 0.5%.
Autodesk (ADSK.US) fell 12.4% after saying the trade war could hurt its finances in the second half of the fiscal year. JP Morgan Chase (JPM.US) was down 0.4%, while Tesla (TSLA.US) was down 0.3%.
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