By Oliver Gray
Investing.com - U.S. stock futures remained little changed in early APAC deals on Thursday, following a mixed session yesterday as Federal Reserve officials held the official cash rate steady between zero and 0.25%. Fed Chairman Jerome Powell cautioned in the following press conference that while the economy is recovering, policymakers have yet to see substantial further progress toward its employment and price stability goals, signaling that officials may wait until November before formally announcing a taper.
During the regular session on Wednesday, the Dow dipped 127.59 points, or nearly 0.4%, to 34930.93. The S&P 500 remained little changed at 4400.64 while the Nasdaq Composite added 0.7% to 14762.58.
Among stocks, PayPal Holdings Inc (NASDAQ:PYPL) lost 3.45% as second-quarter earnings and third quarter guidance came in below market expectations, while Facebook (NASDAQ:FB) fell 5.29% despite reporting greater earnings and revenue than expected, warning of significant growth slowdown in revenue growth. Meantime, Amazon (NASDAQ:AMZN) and Pinterest are set to report earnings later in the day, while latest readings on initial jobless claims and pending home sales will also be closely watched for clues on the pace of economic recovery.
On the bond markets, 10-year Treasury yields were steady at 1.238%.