US stock futures edged lower in premarket trading on Wednesday as rising oil prices and bond yields sent ripple effects across markets.
Futures on the Dow Jones Industrial Average (YM=F) fell 0.1%, and S&P 500 (ES=F) edged lower by 0.2%, while contracts for the Nasdaq-100 (NQ=F) slipped 0.5%, extending losses after a losing day on Wall Street.
Stocks got off to an unsteady start in September as an escalation in the war in Iran caused Brent (BZ=F) crude oil prices to jump above $95 per barrel. On Tuesday, President Trump threatened to hit Iran "much harder" if the nation retaliates against a barrage of airstrikes launched on Tuesday.
The latest flare-up in hostilities has amplified fears of rising inflation, driving up bond yields in the process. On Tuesday, the 10-year Treasury yield (^TNX) rose to 4.79%, while the 30-year (^TYX) climbed to 5.27%, affecting a range of **** ets.
A trade standoff with Canada also remained in focus, with Canadian Prime Minister Mark Carney saying the US and Canada could resume trade discussions when Americans "stop throwing shade" and "start being serious" about negotiations. However, Treasury Secretary Scott Bessent downplayed the idea that the US was in a trade war with Canada.
#trade #lower
Futures on the Dow Jones Industrial Average (YM=F) fell 0.1%, and S&P 500 (ES=F) edged lower by 0.2%, while contracts for the Nasdaq-100 (NQ=F) slipped 0.5%, extending losses after a losing day on Wall Street.
Stocks got off to an unsteady start in September as an escalation in the war in Iran caused Brent (BZ=F) crude oil prices to jump above $95 per barrel. On Tuesday, President Trump threatened to hit Iran "much harder" if the nation retaliates against a barrage of airstrikes launched on Tuesday.
The latest flare-up in hostilities has amplified fears of rising inflation, driving up bond yields in the process. On Tuesday, the 10-year Treasury yield (^TNX) rose to 4.79%, while the 30-year (^TYX) climbed to 5.27%, affecting a range of **** ets.
A trade standoff with Canada also remained in focus, with Canadian Prime Minister Mark Carney saying the US and Canada could resume trade discussions when Americans "stop throwing shade" and "start being serious" about negotiations. However, Treasury Secretary Scott Bessent downplayed the idea that the US was in a trade war with Canada.
#trade #lower
2 months ago
