Saturday, April 25

U.S. equity futures held flat in early Saturday trading, with S&P 500 contracts at 5,820, down 0.1%, Nasdaq futures off 0.2% at 18,450, and Dow futures unchanged near 41,100, reflecting thin holiday weekend volume. European indices closed mixed Friday, Stoxx 600 up 0.3% at 525, while Asia's Nikkei dipped 0.4% to 39,200 and Hang Seng rose 0.5% to 18,900. Individual movers included Stanley Black & Decker up 2.8% to $73.33 and Moderna gaining 2.5% to $55.08 on pre-open strength.

Treasury yields edged higher, 10-year note at 4.32%, up 2 basis points, as light positioning adjusted ahead of next week's data. The dollar index slipped 0.2% to 104.50, with EUR/USD at 1.0850 and USD/JPY at 151.80. Commodities saw oil steady, WTI crude at $82.40 per barrel, up 0.3%, while gold held near $2,720 an ounce amid safe-haven flows. Bitcoin traded sideways above $95,000, showing no major volatility.

Macro highlights included Cleveland-Cliffs shares slipping despite a Q1 earnings beat, pressured by elevated energy costs overshadowing steel demand gains. QXO fell after announcing its acquisition of TopBuild to expand insulation scale.

Traders eye Monday's U.S. PCE inflation data and ISM manufacturing PMI for Fed rate clues, alongside China's PMI print and ECB speeches.