Futures down on Middle East worries as earnings get into full swing

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

Grandpere’s love builds a Viking ship in West Pubnico | SaltWire -Futures for Wall Street's main indexes dipped on Wednesday as growing tensions in the Middle East spurred demand for safe-haven assets, with investors also focused on earnings to gauge the impact of inflation and high interest rates on businesses.

A demand for safe-haven assets sent gold prices to near one-month highs, while the advance in U.S. Treasury yields stalled on Wednesday. EV maker Tesla and streaming services company Netflix are scheduled to report quarterly results after market close. "The debate whether higher rates are required appears to have been settled at least for the November meeting ... unless Powell springs a surprise tomorrow," Societe Generale strategists said in a note.

At 7:02 a.m. ET, Dow e-minis were down 93 points, or 0.27%, S&P 500 e-minis were down 18.5 points, or 0.42%, and Nasdaq 100 e-minis were down 88.25 points, or 0.58%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks waver, bonds drop with Middle East in focusUS equity futures crept higher and Treasuries dropped as caution prevailed among investors tracking diplomatic efforts to contain the Israel-Hamas conflict.
Source: BNNBloomberg - 🏆 83. / 50 Read more »