US stock futures rise as bond yields hold steady, with debt ceiling crunch niggling at investors

US stock futures rise as bond yields hold steady, with debt ceiling crunch niggling at investors

US futures rose on Thursday after tech stocks slipped again the previous day, as investors remained nervous about whether lawmakers would vote to suspend the debt ceiling to avoid the US's first-ever default. were up 0.81%, after the index advanced 0.16% on Wednesday, while were 0.78% higher. Futures for the tech-heavy rose 0.87%, after the index dipped 0.12% on Wednesday, with the recent rise in bond yields making low-dividend technology stocks less attractive. In Asia overnight, China's moved 0.67% higher, while Tokyo's fell 0.31%. Europe's continent-wide gained 0.7% in early trading Thursday. London's climbed 0.48% after official data showed the UK economy grew more than expected in the second quarter. It's been a rocky week for stocks, which suffered their biggest fall since May on Tuesday, as investors reacted to the likelihood that central banks would cut back on support for the economy sooner than expected in response to strong inflation. A handful of other factors have also worried markets: the looming collapse of Evergrande, China's second-biggest property developer; a global energy crunch that has sent natural gas prices soaring; and the political wrangling over the US debt ceiling, which could lead to the country defaulting. Strong inflation and the