US Stock Futures Fall as Oil Prices, Bond Yields Rise Ahead of Fed Minutes
Investors await September Fed minutes as the 10-year Treasury yield tops 5.3% and Brent crude rises above $101 a barrel.
- On Wednesday, October 7, US stock futures fell as oil prices and Treasury yields moved higher, weighing on investor sentiment a day after the S&P 500 closed at a record high.
- Investors remain cautious ahead of the Federal Reserve's September policy meeting minutes, searching for clues on whether policymakers see scope for further interest-rate increases.
- The 10-year Treasury yield rose about 6 basis points to 5.326%, while the 30-year yield climbed to around 5.70%, its highest level since 2002; US crude futures moved closer to $90 a barrel.
- Chipmaker Micron Technology dropped 3.3% as technology stocks faced pressure, while AMD, Broadcom, and Marvell Technology fell between 0.6% and 2.6% amid broader market uncertainty.
- For the July-to-September period, analysts expect S&P 500 earnings growth of 30.6%, with energy earnings projected to jump 114.7% and tech results surging 66.5%.
19 Articles
19 Articles
After S&P 500 and Nasdaq renewed their closing records yesterday, New York's main stock indexes opened in decline this Wednesday, under pressure from high oil prices and Treasury revenues. Interests on 10- and 30-year bonds have returned to their highest values since 2002. In the day's indicator schedule, investors await the release of the latest meeting of the Federal Open Market Committee (Fomc) of the Federal Reserve (Fed) and consumer inflat…
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