U.S. stock futures declined on Tuesday after a positive close on Monday. Futures of major benchmark indices were trading lower.
Wall Street broadly expects the annual inflation rate to remain stable at 2.7% in December, with the monthly pace coming in at 0.3% — numbers that are far from triggering broad-based market concerns.
Meanwhile, the 10-year Treasury bond yielded 4.19%, and the two-year bond was at 3.55%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.019% at $694.53, while the QQQ declined 0.12% to $626.40, according to Benzinga Pro data.
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