U.S. stock futures edged just above the flat line on Thursday, with investors staying on the sidelines after equities saw their first pullback of the year and ahead of the kickoff to earnings season.
Bond prices look likely to remain a topic of interest for investors after a Chinese official played down a report the country was considering cutting back on U.S. debt, which rattled markets.
Futures for the Dow Jones Industrial Average rose 17 points to 25,367, while those for the S&P 500 index put on 1.9 points to reach 2,752.50. Futures for the Nasdaq-100 index were up 3.5 points to 6,681.25.
China’s foreign-exchange regulator on Thursday dismissed a Bloomberg News report suggesting Beijing is looking to pare back on U.S. bond buys as “false news.” The yield on the 10-year benchmark note was trading up 2 basis points at 2.371% on Thursday, after reaching nearly 2.6% in the previous session.