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News in English (USA) / 07.10.2024 / 15:00

Stock Markets Retreat Amid Rising Treasury Yields and Economic Data Expectations

U.S. stock futures are pointing to a lower open as investors reassess their positions following a rally influenced by strong payroll data. The Dow futures have slipped, dragging other indices like the S&P 500 and Nasdaq along, as Treasury yields have surpassed 4%. Market sentiment is further impacted by geopolitical tensions and expected comments from Fed Chair Powell, with traders bracing for important economic data set to influence market direction. In Asia, Japan’s Nikkei has experienced a decline post-election, while Chinese stocks have surged. As the earnings season approaches, investors are advised to stay cautious amid lack of clear direction in the markets.
Yahoo Finance, The Economic Times, Bloomberg, Investing.com, The Globe and Mail, Reuters, MarketWatch, Quartz, TheStreet, Seeking Alpha