US Stock Futures Edge Lower as 10-Year Treasury Yield Moves Above 5%: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures pointed to a slightly lower open on Tuesday as the yield on the benchmark 10-year Treasury moved back above 5%, while investors awaited the Federal Reserve’s monetary policy decision.
The 10-year yield reached its highest level since July 2007 amid continued market attention on inflation and the outlook for US interest rates.
Dow, Nasdaq, S&P 500 open slightly lower ahead of Fed decision
US equity markets opened in the red on Monday as traders waited for the Federal Reserve to act. The FOMC’s two-day meeting kicked off September 15, with a rate decision expected the following day, and the consensus view is that the central bank will raise rates for the first time since 2023.
Futures pointed to modest declines across the board.
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Read MoreUS stock market today: Dow falls over 250 points as 10-year Treasury yield hits 19-year high
US stocks opened lower on Tuesday, September 15, as investors turned cautious ahead of the Federal Reserve’s interest-rate decision on Wednesday, while a sharp rise in Treasury yields added to pressure on equities.
The Dow Jones Industrial Average fell around 280 points, or 0.5%, in early trading. The S&P 500 and Nasdaq Composite slipped about 0.1% each.
Read MoreThe four horsemen of the apocalypse are coming for the global economy
Four powerful shocks are hitting the world economy at the same time. They are escalating and feeding on each other, driving a commodity spiral that can end only in an inflationary blow-off.
The effects are ripping through the global bond markets and confronting central banks with an impossible dilemma.
» Read more about: The four horsemen of the apocalypse are coming for the global economy »
Read MoreTrading Crude Oil With The UCO And SCO ETFs
31.48K Followers
Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals.
He runs the investing group The Hecht Commodity Report,
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Read MoreThe Burst
Market Commentary: 1 Stock Buffett Did NOT Sell Has 5x Growth
Perhaps the most anticipated 13F filing of all is from Berkshire Hathaway. Investors muse: What did Buffett just buy? What did Berkshire Hathaway sell?
Read MoreThe Ivy
81.8% Probability This Health Stock Rises
If past data is to be believed, there is an 81.8% probability that Centene is likely to pop by double-digit percentage levels over the next 3 months.
Remarkably in 17 of the past 22 years, Centene has gone on a bullish run in the coming months, but it’s not entirely clear why, so we peeled back the layers of the onion to reveal the cause and whether it’s repeatable again this year.
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