U.S. stock index futures were mostly lower Wednesday, with the Dow futures turning negative as investors continued to focus on the sharp shift in bond markets.
At around 6 a.m. ET, Dow Jones Industrial Average futures indicated a negative open of more than 30 points. Futures on the S&P 500 and Nasdaq Composite were both mostly lower.
Wall Street's main indexes registered solid gains in the previous session, but finished below their session highs in a reflection of the underlying concerns about the economic outlook.
Last week, the yield on the 10-year U.S. Treasury bill fell below that of the three-month note for the first time since 2007. It's a development that investors call an inverted yield curve and is seen as an early indicator of a recession.
The U.S. Treasury yield curve has inverted before each recession in the past 50 years and has only offered a false signal just once in that time, according to data from Reuters.
On the data front, weekly mortgage applications will be released at 7 a.m. ET, while international trade figures for January will be released at around 8:30 a.m. and fourth-quarter current account balance data is set to follow later in the session.
In corporate news, Lennar and Paychex are set to publish their latest quarterly results before the opening bell.
Lululemon Athletica, PVH, and Vale are all set to report earnings after market close.
https://www.cnbc.com/2019/03/27/stock-market-wall-street-in-focus-as-recession-fears-grip-investors.html
2019-03-27 09:58:18Z
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