Stock futures inch higher as traders weather latest rise in Treasury yields: Live updates
The 30-year Treasury bond yield hit levels not seen since June 2002. Those moves led the Dow to a decline of more than 100 points.
TL;DR
- Stock futures inched higher, indicating a potentially positive opening for U.S. markets.
- Rising bond yields, particularly the 30-year Treasury yield hitting a 2002 high, continued to pressure equities.
- Asian markets displayed a mixed performance, with Japan's Nikkei 225 gaining while South Korea's Kospi slipped.
- European markets were set to open in positive territory.
- China's factory activity returned to growth in September, snapping a two-month contraction.
- Traders are awaiting the August Personal Consumption Expenditures price index for inflation insights.
- Mortgage rates reached their highest level since November 2023, with the 30-year fixed rate at 7.58%.
- Oil prices tumbled on Tuesday as concerns over supply disruptions eased.