economy
Wednesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The major averages slid on Tuesday, with the S&P 500 falling for a third session, as Treasury yields rose.
TL;DR
- Higher Treasury yields are pressuring stock markets, with the U.S. 30-year Treasury yield reaching its highest level since July 2007.
- Nvidia is set to report earnings after the bell on Wednesday, with options markets anticipating a significant price move.
- Jeff Bezos will appear live on 'Squawk Box' from his rocket factory in Florida.
- Key European inflation data from Germany, the UK, and the EU will be released, alongside overseas bond yields reaching multi-decade highs.
- Target and Lowe's are also scheduled to report earnings before the bell on Wednesday.