US futures stabilize after another losing session
US stock futures stabilized Wednesday after the Dow, S&P 500 and Nasdaq fell again, with investors citing higher bond yields and oil prices. Traders now look ahead to ADP private payrolls, the Fed’s Beige Book, and select earnings.
US stock futures stabilized on Wednesday after the major averages posted another losing session, pressured by rising bond yields and oil prices that heightened concerns over inflation and interest rate hikes.
In regular trading on Tuesday, the Dow fell 0.79%, the S&P 500 declined 0.71% and the Nasdaq Composite dropped 1.03%, with all three benchmarks extending their losing streak to a third session.
Seven of the 11 S&P sectors finished lower, led by declines in consumer discretionary, industrials and materials.
The moves came as the global bond selloff intensified, pushing the US 10-year Treasury yield to its highest level since early 2025.
Oil prices also surged amid escalating hostilities between the US and Iran, raising the risk of further disruptions to energy flows from the Middle East.
Investors now await ADP private payrolls data and the Fed’s Beige Book, along with earnings reports from Broadcom, Hewlett Packard and Snowflake, among others.