Stock market live updates: Dow futures up 150, Cramer not buying it, Micron falls

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The U.S. 10-year Treasury yield hit a low of 1.347%, its lowest level since July 8, 2016 as investors remained cautious amid lingering worries over the coronavirus. The benchmark rate also traded below its all-time closing low around 1.36%. The 2-year U.S. rate dipped to 1.235%, its lowest levels since May 18, 2017. Germany’s benchmark yield fell to levels not seen since Oct. 10. —Imbert, Francolla

U.S. stock index futures picked up steam, with the Dow Jones Industrial Average set to post a 164 point gain at the open. The S&P 500 and NASDAQ also indicated gains at the start of the session. On Monday the Dow sank more than 1,000 points, for its worst point and percentage drop since February 2018. The S&P 500 plunged 3.3%, also the worst drop in two years. With Monday’s declines, the S&P 500 and the Dow both wiped out all of their 2020 gains. – Stevens

Futures may be pointing to a slight rebound, but strategist Ed Yardeni thinks the “panic attack” that led to the Dow falling more than 1,000 points Monday may not be over. “It has the potential to turn into one of the more severe corrections of the current bull market,” he wrote in a note. “It could turn into a bear market if it causes a recession in the US.” —Imbert

Shares of Home Depot rose more than 2% in Tuesday’s premarket trading after the company beat top and bottom line estimates in the fourth quarter. Earnings per share came in at $2.28, which was ahead of the $2.10 analysts had been expecting, according to estimates from Refinitiv. Revenue was $25.78 billion, which was slightly ahead of the $25.76 billion expected. Revenue did, however, fall 2.7% year-over-year. Same-store sales rose 5.2%, which also surpassed the expected 4.8% increase, and the company also hiked its dividend by 10%. – Stevens

Source: https://www.cnbc.com/2020/02/25/stock-market-today-live.html

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