US Futures Swing Lower
2026-03-10 13:03
By
Andre Joaquim
1 min. read
US equity futures swung lower on Tuesday as Treasury yields rose despite the pullback in energy prices, reflecting the outlook of elevated rates by the Federal Reserve.
Contracts for the three main averages were around 0.3% lower.
Crude oil benchmarks dropped for the first time this month after President Trump stated that the war in Iran may be approaching its end, but Tehran noted they are ready to continue the conflict after striking tankers near the Persian Gulf.
Credit sensitive sectors remained lower, with major banks inching down on risks of lower loan demand should the Fed hold rates at a restrictive territory.
Private credit giants also held their recent losses on fears of their bad loans, while asset managers reportedly suffered sharp losses on recent volatility in energy markets.
Meanwhile, Amazon inch higher after kicking off the sale of its $37 billion bond offering, and Nvidia and AMD were steady after TSMC reported a 30% jump in sales on the first two months of the year.