{"id":2660,"date":"2023-10-18T10:42:30","date_gmt":"2023-10-18T10:42:30","guid":{"rendered":"https:\/\/infundpros.com\/markets\/sp-500-futures-ease-as-treasury-yields-hit-fresh-highs-tesla-results-loom\/"},"modified":"2023-10-18T10:42:31","modified_gmt":"2023-10-18T10:42:31","slug":"sp-500-futures-ease-as-treasury-yields-hit-fresh-highs-tesla-results-loom","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=2660","title":{"rendered":"S&#038;P 500 futures ease as Treasury yields hit fresh highs, Tesla results loom"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002628302\" role=\"document\">\n<p>U.S. stock futures fell early Wednesday as benchmark bond yields touched fresh 16-year highs and geopolitical angst hit global sentiment.<\/p>\n<h2>How are stock-index futures trading<\/h2>\n<ul class=\"articleList\">\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"negative\">-0.45%<\/bg-quote><br \/>\n       dipped 8 points, or 0.2%, to 4394<\/p>\n<\/li>\n<li>\n      Dow Jones Industrial Average futures<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"negative\">-0.34%<\/bg-quote><br \/>\n       fell 18 points, or 0.1%, to 34126<\/p>\n<\/li>\n<li>\n      Nasdaq 100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"negative\">-0.55%<\/bg-quote><br \/>\n       eased 42 points, or 0.3%, to 15199<\/p>\n<\/li>\n<\/ul>\n<p>On Tuesday, the Dow Jones Industrial Average<br \/>\n        DJIA<br \/>\n       rose 13 points, or 0.04%, to 33998, the S&amp;P 500<br \/>\n        SPX<br \/>\n       declined 0 points, or 0.01%, to 4373, and the Nasdaq Composite<br \/>\n        COMP<br \/>\n       dropped 34 points, or 0.25%, to 13534.<\/p>\n<div class=\"paywall\">\n<h2>What\u2019s driving markets<\/h2>\n<p>The third quarter U.S. corporate earnings season continues to absorb investors, with P&amp;G<br \/>\n        PG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202894679\/composite\" class=\"positive\">+0.13%<\/bg-quote><span>,<\/span><br \/>\n       Morgan Stanley<br \/>\n        MS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209104354\/composite\" class=\"positive\">+2.03%<\/bg-quote><br \/>\n       and U.S. Bancorp<br \/>\n        USB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206934678\/composite\" class=\"positive\">+6.96%<\/bg-quote><br \/>\n       among those presenting their numbers before the opening bell on Wall Street, while Netflix<br \/>\n        NFLX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202353025\/composite\" class=\"negative\">-1.41%<\/bg-quote><span>,<\/span><br \/>\n       Tesla<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/lastsale\" class=\"positive\">+0.37%<\/bg-quote><br \/>\n       and Lam Research<br \/>\n        LRCX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208077897\/composite\" class=\"negative\">-0.12%<\/bg-quote><br \/>\n       will feature after the close. <\/p>\n<p>However, investor sentiment has been soured after reports hundreds had died following an explosion at a Gazan hospital raised fears that the Israel\/Hamas war would draw in other forces in the region.<\/p>\n<p>Recent hopes that a trip by U.S. President Joe Biden to the Middle East might boost diplomacy have been damped after Jordan cancelled a summit at which Biden was to meet the Jordanian and Egyptian leaders, as well as Mahmoud Abbas, President of the Palestinian Authority.<\/p>\n<p>\u201cOvernight we\u2019ve seen a fresh risk-off tone because of the geopolitical situation, and \u2026that has led to a clear reaction in markets,  said Henry Allen, strategist at Deutsche Bank. Concerns about compromised oil supplies from the regions helped push Brent crude<br \/>\n        BRN00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209704782\/delayed\" class=\"positive\">+2.95%<\/bg-quote><br \/>\n       back above $92 a barrel, while gold prices<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"positive\">+1.09%<\/bg-quote><br \/>\n       hovered near a one-month high around $1938 an ounce.<\/p>\n<p>Previous upsurges in geopolitical anxiety have seen a rush to perceived haven assets such as U.S. Treasurys, pushing down yields which move in the opposite direction to bond prices.<\/p>\n<p>But the 10-year Treasury yield<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       on Wednesday touched its highest level since 2007, around 4.87%, as traders continued to express concern about sticky inflation following news released the day before showing U.S. retail sales growing more than expected in September.<\/p>\n<p>\u201cThe blistering update on spending could be viewed as a hawkish development and contributed to bearish sentiment in the bond market,\u201d said Stephen Innes, managing partner at SPI Asset Management.<\/p>\n<p>The chances of the Federal Reserve hiking interest rates by another 25 basis points after its  December monetary policy meeting have risen to 38% from 26% a week ago, according to CME Group\u2019s FedWatch Tool.<\/p>\n<p>Data from the U.K. on Wednesday showing inflation in September was stuck at 6.7% was further evidence of price pressures in developed economies.<\/p>\n<p>U.S. economic updates set for release on Wednesday include September housing starts and building permits at 8:30 a.m. Eastern, and the Fed Beige Book at 2 p.m. <\/p>\n<p>Fed officials due to make comments include Governor Chris Waller at noon; New York Fed President John Williams at 12:30 p.m.; Richmond Fed President Tom Barkin at 1 p.m.; and Philadelphia Fed President Patrick Harker at 3:15 p.m..<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/s-p-500-futures-ease-as-treasury-yields-hit-fresh-highs-tesla-results-loom-e5382a1f?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures fell early Wednesday as benchmark bond yields touched fresh 16-year highs and geopolitical angst hit global sentiment. How are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-2660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P 500 futures ease as Treasury yields hit fresh highs, Tesla results loom | inFundPros<\/title>\n<meta name=\"description\" content=\"U.S. stock futures fell early Wednesday as benchmark bond yields touched fresh 16-year highs and geopolitical angst hit global sentiment.How are\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=2660\" \/>\n<meta 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