Reported about 1 month ago
US stock index futures experienced a decline on Tuesday as bond selloffs drove Treasury yields higher, affecting rate-sensitive stocks. Investors are awaiting a wave of corporate earnings reports, including major companies like General Motors and Verizon. The yield on the benchmark 10-year note rose to 4.222%, prompting reassessment of monetary policy amid economic indicators. Traders anticipate a significant likelihood of an interest rate cut in November, while earnings season could offer insights into consumer spending and the overall economy.
Source: YAHOO