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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