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Futures inch lower as Treasury yields surge, earnings in focus

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Masstown farmer launches pumpkins over a kilometre for charity | SaltWire - U.S. futures fell on Friday as the yield on 10-year government bonds surged following the hawkish tone by Federal Reserve Chair Jerome Powell, while investors awaited earnings reports from companies.

Tech-heavy Nasdaq closed 1% lower, while Wall Street's main indexes were set for their first weekly declines in three. Investors will now shift their focus to companies reporting quarterly results, including American Express, Comerica and Schlumberger, among others. Markets will also monitor developments in the Middle East conflict and chances of an escalation in the region.

 

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US futures reach for gains amid surging Treasury yields: Stock market news todayInvestors were treading carefully as the US 10-year yield nudged 5%, with more earnings and a speech by the Fed's Jerome Powell in focus.
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