U.S. stock futures were little changed Sunday evening as investors awaited minutes from the Federal Reserve’s latest meeting. The 10-year Treasury yield climbed to its highest level in more than two decades, raising concerns that higher borrowing costs could weigh on stocks. On Friday, the Dow Jones gained 250 points to 51,176.46, the S&P 500 rose 0.7% to 7,722.72 and the Nasdaq Composite advanced 1.2% to 27,190.86, with Nvidia hitting an all-time high. A surprisingly weak jobs report last week helped ease concerns about another Fed rate hike this month. This week, investors will watch Fed minutes on Wednesday and the University of Michigan consumer sentiment reading on Friday, ahead of earnings season starting with JP Morgan’s results on October 13.
Source: Read the original article
