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Wall Street futures steady ahead of inflation data
U.S. stock futures stabilized at the end of September, as investors monitored Treasury bond yields and awaited upcoming U.S. inflation data. Futures linked to the Dow Jones Industrial Average remained steady, while S&P 500 and Nasdaq 100 futures declined by about 0.2%. In the American market, this decline in stock indices coincided with a rise in 10- and 30-year Treasury yields, with 10-year yields reaching their highest level since 2007, and 30-year yields hitting levels unseen since June 2002. Experts indicated that tightening financial conditions are fueling market expectations of a downturn, while recent Federal Reserve comments have alleviated concerns about interest rate hikes. Investors are now awaiting the upcoming inflation data.
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