Futures jump as investors await Fed rate verdict; Middle East tensions eyed
© Reuters. A trader works on the floor at the New York Stock Exchange in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid - U.S. stock index futures climbed on Monday as tensions in the Middle East failed to dampen investor sentiment ahead of a busy week full of earnings reports and an interest rate decision from the Federal Reserve.
"The ground offensive in Gaza will still be causing some concern, but it has been largely expected and that's why I don't think you've seen any kind of particularly adverse reaction on the markets today," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Geopolitical concerns as well as a surge in Treasury yields have weighed on U.S. equities this month, dragging the benchmarkOn Monday, the yield on the ten-year note was at 4.86%, after having breached the 5% level earlier this month.
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