US stock futures point to sharp declines
S&P 500 futures are down 0.85% and Nasdaq futures down 1.1% ahead of the open.Eyes are on the 7% decline in Tesla shares after badly missing estimates but Nvidia is also down 2%. Another big problem is bonds, where Treasury yields are up 6.2 bps to the highs of the year at 4.39%. This article was written by Adam Button at www.forexlive.com.
S&P 500 futures are down 0.85% and Nasdaq futures down 1.1% ahead of the open.
Eyes are on the 7% decline in Tesla shares after badly missing estimates but Nvidia is also down 2%. Another big problem is bonds, where Treasury yields are up 6.2 bps to the highs of the year at 4.39%. This article was written by Adam Button at www.forexlive.com.
