Stock Market Today: Dow Futures Fall as China Cuts Borrowing Rates

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Stock futures are lower and bond yields are higher as investors await Tuesday's housing starts data and FedEx earnings. Follow the latest markets updates.

U.S. stocks looked set to weaken after the opening bell, putting a dent in a rally that has seen indexes power higher despite doubts about the health of the global economy., in a well-telegraphed move as Beijing attempts to revive its flagging economic rebound.

The 0.1 percentage-point cut to one of the rates, the five-year loan prime rate, to 4.2% was less than many investors were expecting.S&P 500 futures declined 0.2% while futures tied to the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 weakened 0.3%.The yield on the benchmark 10-year Treasury note rose to 3.782%, from 3.768% Friday. U.S. markets were closed Monday for theIn Asia, indexes slipped following the Chinese central bank’s move. The Shanghai Composite index fell 0.

 

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