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HomeTrading RoomPremarket - S&P 500 futures fall as yields rise this Wednesday

Premarket – S&P 500 futures fall as yields rise this Wednesday

U.S. stock futures fell Wednesday as investors await the outcome from the Federal Reserve’s two-day policy meeting and comments from Fed Chair Jerome Powell later in the day.

S&P 500 futures traded 0.4% lower. Nasdaq 100 futures lost 1.1% as technology shares got hit by rising bond yields again. Apple, Alphabet, Facebook and Netflix all slid at least 1% in premarket trading. Tesla shed 4% in early trading. Dow Jones Industrial Average futures were flat.

The Federal Reserve concludes its two-day policy meeting Wednesday, with expectations for no change in interest rates.

However, Bank of America said the meeting will be “one of the most critical events for the Fed in some time.”

Stay in the InfoTech Trading for updates and buy and sell opportunities.

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