Futures point to a slightly lower open as US yields climb [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
U.S. stock index futures pointed to slightly lower open on Wednesday morning, as surging bond yields revived concerns about the pace of interest rate hikes. At around 5:30 a.m. ET, Dow futures dipped 19 points, indicating a marginally lower implied open. The Nasdaq and the S&P 500 futures pointed to a flat-to-negative start to the session for their respective markets. The moves in pre-market trade followed surging bond yields in the previous session. Robust retail sales and factory data lifted the U.S. 10-year yield through a psychologically important level to hit 3.095 percent — its highest since 2011. The rise in yields hampered U.S. share markets amid fears it could undercut stock valuations. U.S. stocks finished sharply lower on Tuesday , after Home Depot reported quarterly sales that missed Wall Street's expectations and interest rates breached new highs. The Dow Jones industrial average fell 193 points in the session, snapping an eight-day winning streak.
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website