Stock Futures Waver After Rate Uncertainty Sparked Selloff

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Stock Futures Waver After Rate Uncertainty Sparked Selloff

The Wall Street Journal2022-08-23

U.S. stock futures wobbled following a two-day selloff on Wall Street fueled by uncertainty over the path of U.S. interest-rate increases by the Federal Reserve.Futures tied to the S&P 500 were flat, ...

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melson
·2022-08-23
taking a breather
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·2022-08-23
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Macy's and Dick's Sporting Goods are expected to report results before the opening bell. Nordstrom and Urban Outfitters are slated to release earnings after the close.Meanwhile, data on new-home sales in the U.S. will offer clues on how the sharp rise in mortgage rates is affecting the housing market. Economists polled by The Wall Street Journal expect new-home sales to fall to 574,000 in July from 590,000 in June, which marked a more than 2-year low.Bonds edged higher Tuesday after selling off in recent days on expectations for interest-rate increases.The yield on the benchmark 10-year Treasury note ticked down to 3.016% from 3.035% Monday, according to Tradeweb. Yields fall as prices rise.The dollar, meanwhile, softened after a seven-day rally. 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