Stock Market Set for Lower Open Amid Rising Yields, Oil Prices
The stock market is expected to open lower on Tuesday as bond yields and oil prices continue rising. Futures tied to the Dow Jones Industrial Average and S&P 500 are down by about 0.2%, while Nasdaq futures slipped slightly. The major indexes closed in negative territory yesterday, with tech stocks declining after AI company leaders suggested slowing development due to safety concerns. The yield on the 10-year Treasury reached its highest level since 2007 at over 5.00%. Rising yields and oil prices are weighing on market sentiment. Meanwhile, Bitcoin is falling ahead of a key Senate vote on new crypto regulations under the Clarity Act. The Federal Reserve's policy committee begins a two-day meeting today with an interest rate decision expected tomorrow.
Topics: bitcoin bond yields fed meeting oil prices stock market