Expectations for a Federal Reserve rate cut in November have diminished, leading to a collective decline in U.S. stock index futures before the market opens on Wednesday, with the 10-year U.S. Treasury yield hovering around the key level of 4%. Google's U.S. stocks fell slightly before the market opened, as the U.S. Department of Justice is considering splitting Google's search engine as part of an antitrust crackdown on big tech companies.
Traders are still closely monitoring Thursday's U.S. CPI inflation data for clues on the Federal Reserve's next move. Susan Collins, President of the Federal Reserve Bank of Boston, previously noted that rate cuts should be cautious and data-based.
U.S. stock index futures for the three major indices fell collectively, with Dow futures down 0.2%, S&P futures down approximately 0.2%, and Nasdaq futures down 0.3%.
Popular Chinese concept stocks fell across the board before the market opened, with JD.com falling by more than 5% and NIO falling by over 3%.
Google A fell by 1.14%.
Spot gold prices dropped, currently reporting at $2,612.56 per ounce.
Oil prices rose, with Brent crude up 0.7%, currently reporting at $77.74 per barrel, and U.S. crude oil reporting at $73.48 per barrel.
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European stocks were mixed, with the Euro Stoxx 50 index up by 0.01%, the UK's FTSE 100 index up by 0.46%, and Germany's DAX 30 index down by 0.02%.
[Updated at 16:30]
The current yield on the 10-year U.S. Treasury note has fallen by 1 basis point to 4.029%.The US dollar index rises, currently up 0.2% at 102.67.
【Updated at 16:12】
US stock index futures are collectively falling, with Dow futures down 0.2%, S&P futures down approximately 0.2%, and Nasdaq futures down 0.3%.
Popular Chinese concept stocks are generally falling before the market opens, with JD.com down over 5% and NIO down more than 3%. Nvidia is up 0.23% before the market opens, promoting the high energy efficiency of the Blackwell chip at the Nvidia Summit; TSMC is up 0.35% before the market opens, with September sales up 39.6% year-on-year. Google A is down 1.14%, as the US Department of Justice considers breaking up Google as a remedy for an antitrust case.
Spot gold is lower, currently at $2,612.56 per ounce.
Oil prices are rising, with Brent crude up 0.7%, currently at $77.74 per barrel, and US crude oil at $73.48 per barrel.
European stocks are mixed, with the Euro Stoxx 50 index up 0.01%, the UK's FTSE 100 index up 0.46%, and the German DAX 30 index down 0.02%.