Reported about 1 year ago
US equity futures and Treasury bond yields edged lower as investors prepare for a busy week on Wall Street. Last week ended with record highs for the S&P 500 and Nasdaq Composite due to softer Treasury yields following a mixed June jobs report indicating slower demand and wage growth. Investors are awaiting clues from Fed Chairman Jerome Powell on inflation and potential rate cuts, along with the Commerce Department's June inflation estimate and benchmark Treasury auctions. The upcoming second-quarter earnings season, starting with updates from PepsiCo, will also be closely watched in the market.
Source: YAHOO