US futures remained calm on Wednesday, as 30-year Treasury bonds fell to record levels, boosting concerns about the economic consequences of the Sino-US trade war.
The 30-year yield was traded under 3-month bills for the first time since 2007, while the 2-year bond indicator reversed against the 10-year benchmark. Although uncertainty remains about whether the recession will take place, the reversal of Treasury bonds is considered a sign of recession.
Nasdaq 100 increased by 2 points, Dow 10 and S&P 500 rose by 2 points.
Altria (NYSE: MO), which experienced a 3.5% drop over reports of merger talks with Philip Morris (NYSE: PM), rose 0.6%. Facebook (NASDAQ: FB) gained 0.7%, while Intel (NASDAQ: INTC) rose 0.2% and Teva rose 0.5%.
Autodesk (NASDAQ: ADSK) said the trade war could harm the financial situation in the second half of the fiscal year, with a 12.4% loss. JP Morgan Chase (NYSE: JPM) declined 0.4%, while Tesla (NASDAQ: TSLA) declined 0.3%.
Amazon.com (NASDAQ: AMZN) declined 0.1% after reports on Tuesday demanding special programming for IMDb TV. According to the Wall Street report, the e commerce giant extended its hand to help content providers for more licensing agreements, including the offer of license prepayment fees.
In commodities, crude oil was purchased at $ 55.80, gaining 1.6%. Gold futures remained calm at $ 1.551.90, while the US dollar index, which measures the performance of the US Dollar against the other six major currencies, rose 0.1% to 98,012.