Stock futures declined Friday and bond yields eased after the yield on the 10-year Treasury approached 5% Thursday following comments from Federal Reserve Chairman Powell that suggested the central bank would hold short-term interest rates steady at its next meeting but that a stronger economy could lead to higher-for-longer interest rates. Oil prices crossed $90 a barrel on concerns of an escalation in the Israel-Hamas war.
Intuitive Surgical Intuitive Surgical was falling 8% after third-quarter revenue of $1.74 billion at the surgical robotics company missed analysts’ estimates. Adjusted earnings of $1.46 a share beat forecasts of $1.42.
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