October 2024
Rising Bond Yields Weigh on US Stocks; Starbucks, Coke Fall
On Wednesday, U.S. stock index futures indicated an additional decline, as Treasury yields increased amid concerns regarding a potentially less dovish central bank. Investors prioritized earnings reports from Starbucks (NASDAQ:SBUX)
Crude Oil attempts to go beyond $70.00 despite IMF’s bearish outlook
Crude Oil struggles to uphold $70.00 for more than day, with more downside expected Traders expect longer sluggish demand as markets reprice Fed rate cut prospectsThe US Dollar Index broke above