A pullback in the 10-year Treasury yields provided some relief to megacap growth stocks including Apple, Microsoft, Tesla and Alphabet, up between 0.4% and 0.6%, in premarket trading. Amazon.com edged 0.2% higher after Tuesday's sell-off following the U.S. Federal Trade Commission's antitrust lawsuit against the online retailer. All the three major stock indexes closed over 1% lower on Tuesday as 10-year Treasury yields held their multi-year highs, with investors wrestling with prospects for a long period of high interest rates and an economic fallout.
- U.S. stock index futures rebounded on Wednesday as retreating Treasury yields boosted megacaps, while investors awaited developments on a U.S. funding bill and inflation data this week to gauge the outlook for Federal Reserve's monetary policy.
At 5:28 a.m. ET, Dow e-minis were up 108 points, or 0.32%, S&P 500 e-minis were up 18 points, or 0.42%, and Nasdaq 100 e-minis were up 61 points, or 0.41%. The S&P 500 and the Nasdaq are set for their worst monthly showing so far this year, while all the three indexes including the Dow are eyeing their first quarterly decline in 2023.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures drop as rate concerns keep Treasury yields elevatedPressuring equities, the benchmark two- and 10-year Treasury yields have scaled multi-year highs after the Fed's hawkish longer-term rate outlook, a stance also projected by other major central banks. Minneapolis Fed President Neel Kashkari on Monday noted the need for raising borrowing costs to tame inflation in light of a surprisingly resilient economy, while Chicago Fed chief Austan Goolsbee in a CNBC interview said inflation above 2% target remains a greater risk than the scope of a slowing economy.
Read more »
Futures drop as rate concerns keep Treasury yields elevated(Reuters) - U.S. stock index futures declined on Tuesday as investors continued to grapple with fears of a prolonged restrictive monetary policy by the ...
Read more »
Wall St poised for weak open as rate worries keep Treasury yields elevatedKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Woman Shares Her Wacky Maximalist Bedroom Design, Receives Mixed Reactions OnlineThis is my keyboard wall, and my other keyboard wall.
Read more »
TikToker Gives A Tour Of Her Chaotic Bedroom And People Are AmazedThis is my keyboard wall, and my other keyboard wall.
Read more »
US futures retreat again amid Fed fallout, shutdown worries: Stock market news todayStock futures pulled back as Wall Street continued to face up to the prospect of a long period of high interest rates.
Read more »