US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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U.S. stock index futures edged lower Wednesday evening as investors awaited key inflation data and monetary policy signals from Federal Reserve Chair Jerome Powell. The dip followed a mixed day on Wall Street, where tech stocks outperformed amid ongoing optimism around artificial intelligence, while broader sectors showed weakness.
S&P 500 futures slipped 0.1% to 5,896.25, Nasdaq 100 futures dropped 0.1% to 21,372.25, and Dow Jones futures led declines, down 0.5% to 41,929.0 as of 8:00 p.m. ET.
Markets are now focused on Thursday’s U.S. producer price index (PPI) release, expected to show moderating factory-level inflation for April. The report comes on the heels of softer-than-expected consumer price index (CPI) data, which sparked hopes of potential interest rate cuts if inflation continues to cool.
All eyes are also on Jerome Powell’s speech Thursday, where he will review the Fed’s policy framework. Investors are looking for hints on future rate decisions, especially after the Fed recently held rates steady and signaled caution due to economic uncertainty.
On Wednesday, Wall Street indexes saw varied performance. The Nasdaq climbed 0.7% to 19,146.81, lifted by gains in AI-linked tech stocks like SuperMicro, which surged over 15%, and CoreWeave, up 6.6% during the session before tumbling nearly 8% after hours on margin concerns. The S&P 500 rose 0.1% to 5,892.58, while the Dow fell 0.2% to 42,051.06.
In after-hours trading, UnitedHealth Group (NYSE:UNH) dropped more than 7% following a Wall Street Journal report that the company is under DOJ investigation for alleged Medicare fraud. The stock is now down nearly 39% year-to-date, amid rising regulatory pressure and leadership changes.
