Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meeting

U.S. equity futures were mixed in early Tuesday trading, following on from their strongest session in two months, with major indices are still on pace for the worst monthly performance of the year as high interest rates, mounting geopolitical risks and softer-than-expected earnings from mega-cap tech stocks hold down gains heading into the final months of the year.

Benchmark 10-year Treasury note yields were marked 2 basis points lower on the overnight session at 4.839%, and down nearly 20 basis points from the 2007 highs reached last week, while two-year notes were pegged at 5.023%. With around half of the S&P 500 reporting so far, overall earnings are forecast to rise 4.3% from last year to a share-weighted $478.2 billion, according to LSEG data, before rising another 8.5% over the fourth quarter.

Brent crude contracts for December delivery, the global pricing benchmark, added $1.05 to trade at $88.51 per barrel while WTI contacts for the same month rose 77 cents to $83.08 per barrel.

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