Investors await corporate earnings reports, Fed officials discuss rate cuts pace

From Investing.com: 2024-10-22 03:38:43

US stock futures were mostly lower on Tuesday as investors awaited a wave of quarterly earnings reports. Dow futures and Nasdaq futures slipped ahead of reports from major companies like Texas Instruments. The benchmark 10-year US Treasury yield rose to a 12-week high. Semiconductor companies are in focus amid the AI boom, with Taiwan Semiconductor Manufacturing Co. reporting a strong profit increase. The IMF is set to update its global economic growth outlook, warning of high debt levels. Four Fed officials support further rate cuts, with some differences on the pace. Oil prices dipped due to uncertainty in global demand growth, particularly in China.



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