Morning Bid: Storm brewing
By Marcus Chen
KFGO
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Oct 7 (Reuters) Wall Street futures edged lower on Wednesday as Treasury yields and oil prices rose again, keeping investors cautious as they awaited the minutes of the Federal Reserve s September meeting. The tech-heavy Nasdaq and the benchmark S P 500 ended at all-time highs on Tuesday as AI optimism propelled tech stocks higher and investors braced for a solid third-quarter earnings season. The blue-chip Dow remains about 5% below its August 5 record closing high. On Wednesday, however, sentiment turned more cautious as investors reassessed the outlook for interest rates and energy costs. Brent crude was back above the psychologically important $100-a-barrel level as Middle East supply concerns persisted. [O/R] The yield on 30-year Treasury bonds rose to the highest since 2002, up 5.70% ahead of the release later in the day of minutes from the US Federal Reserve s September policy meeting, when policymakers raised interest rates to combat inflation. Traders now see a 78% ch
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