Russell 2000 heads into Thursday as futures fall 0.9 percent

The index fell 1.3 percent on October 7 as long-dated Treasury yields climbed; jobless claims and a 30-year auction are due Thursday.

The Russell 2000 closed on October 7 at 2,793 points, down 1.3 percent, as rising long-dated Treasury yields weighed more heavily on small-cap stocks than on larger U.S. indexes, Edge Consultancy reported. Reuters said the index underperformed as long-dated Treasury yields resumed their climb.

Futures point to a 0.9 percent lower start

Russell 2000 futures were down 0.9 percent at 4:00 a.m. ET on October 8, according to Stocktwits. The regular U.S. equity session is scheduled to open at 9:30 a.m. ET.

What comes next

Weekly initial jobless claims are scheduled for 8:30 a.m. ET on October 8, with a consensus of 200,000 against 197,000 previously. The U.S. Treasury's 30-year bond auction is scheduled for 1:00 p.m. ET, with the previous yield at 5.308 percent, according to XTB.

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