Additional pressures comes from a fall in Apple after reports it was ditching a planned increase in iPhone production
U.S. stock futures on Wednesday showed Wall Street in danger of recording a seven-day losing streak as worries about rising bond yields continued to suppress investors’ risk appetite.
What’s driving markets Equity futures dipped after 10-year U.S. Treasury yields TMUBMUSD10Y early on Wednesday breached 4% for the first time since the 2008 crisis. “Equity market troughs in past monetary policy-driven corrections have always been quite closely preceded by a peak in 10-year yields, a threshold not yet reached,” he added.
The S&P 500 on Tuesday fell for its sixth session in a row, shedding 6.5% over that period, and recording its longest losing streak since the beginning of the COVID-19 pandemic in February 2020.
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