US futures fall on rising yields
U.S. stock index futures declined on Tuesday as investors awaited the Federal Reserve's decision on interest rate hikes, amid rising Treasury yields to their highest levels since 2007, reaching 5.041%. The S&P 500 decreased by 0.3%, along with the Nasdaq 100, and the Dow Jones fell 229 points (0.4%). Markets are gearing up to watch the Fed's announced decision tomorrow, with a 92% probability of a 25 basis point increase, which could impact the global economy. Additionally, rising Treasury yields and oil prices have put pressure on stocks, while concerns grow over the ongoing U.S.-Iran conflict's potential effects on inflation and monetary policy.
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