Wednesday saw a small decline in U.S. stock futures as Wall Street continued to struggle at the beginning of the second quarter of 2024.
Futures for the Dow Jones Industrial Average dropped 38 points, or 0.1%. Futures for the S&P 500 were down 0.2%, and those for the Nasdaq 100 were down 0.3%.
Wall Street is coming off a losing session for the major benchmarks as investors were worried that the Federal Reserve will take longer to lower interest rates in response to last week’s sticky inflation data and some good manufacturing numbers.
The rate on the 10-year note reached its highest point since November when Treasury rates surged. On Wednesday, the benchmark rate stood unchanged.
The 30-stock Dow saw an almost 400-point decline on Tuesday, marking its second straight losing session. The S&P 500 fell 0.7%, with a roughly 1% decline in the Nasdaq Composite.
Source (CNBC)
