US stock futures dip, bond yields climb
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US stock futures traded flat as investors faced the tough reality that despite trade tensions easing President Trump's tariffs still stand to deal a blow to the economy.
Futures on Wall Street are currently trading with losses, indicating a negative start to the trading day on Wednesday. In-line with analyst expectations, the dip that came on Wall Street during Tuesday's trading session got bought into and the indices ended off the lows of the day.
U.S. stock futures point to a lower open, a day after stocks made a comeback to close higher despite Moody's stripping the U.S. of its top AAA rating.
US stock futures traded flat as investors faced the tough reality that despite trade tensions easing President Trump's tariffs still stand to deal a blow to the economy.
The S&P 500 and Nasdaq are also retreating in premarket trading. Treasury yields are rising and Bitcoin is up.
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Futures are pointing to a mixed open for major U.S. stock indexes on Tuesday as the S&P 500 aims to extend its winning streak to seven consecutive sessions.
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Considerable on MSNMoody’s downgrades U.S. credit rating over fiscal concernsMoody’s downgraded the U.S.’s credit rating on Friday, causing stock futures to tumble and Treasury yields to spike on Monday morning. Futures tied to the Dow dropped nearly 300 points, while S&P 500 and Nasdaq 100 futures also fell sharply.
Stock traders knew it was an ugly setup entering Monday, with futures lower in premarket action and Treasury yields racing higher after Moody’s downgraded the US debt at the very end of last week.