As Wall Street’s difficulties to begin the second quarter of 2024 persisted, S&P 500 futures marginally declined on Wednesday.
Nasdaq 100 futures fell by 0.2%, while futures linked to the broad index fell by 0.1%. Dow Jones Industrial Average futures were trading just below flat after dropping 10 points.
After last week’s sticky inflation data and some encouraging manufacturing data worried investors that the Federal Reserve would take longer to decrease interest rates, Wall Street is coming off a negative session for the main indices.
Treasury yields surged, as the 10-year note’s rate reached its highest point since November. On Wednesday, the benchmark rate remained same.
Source (CNBC)
