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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 after the September hike.
- 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, and 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%, supporting record-high stock markets despite near-term volatility.
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(Teleborsa) - A negative start for Wall Street in a climate weighed down by the new increase in global returns and crude oil prices. Meanwhile, EIA has revised its price forecasts upwards...
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VG
VGInterest rate fears and unrest in the Middle East dampen sentiment on US stock markets ahead of the Fed report.
·Oslo, Norway
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Total News Sources16
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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