As Treasury yields increased on Wednesday, stock futures declined after the S&P 500 had its first consecutive decline since early September.
The broad market index-linked futures saw a 0.2% decline. Nasdaq-100 futures down 0.3%, and Dow futures fell 201 points, or 0.5%.
After the U.S. Centres for Disease Control and Prevention reported that an E. coli epidemic linked to the fast-food giant’s Quarter Pounder burgers has led to 10 hospitalisations and one death, McDonald’s, a Dow member, saw a 6.1% decline.
Following the release of preliminary quarterly figures indicating that its sales had declined once more, Starbucks saw a 5% decline in stock value.
Source (CNBC)
