"Stock Futures Stagnate as Interest Rates and Earnings Take Center Stage"

TL;DR Summary
U.S. stock futures remained largely unchanged after a sell-off driven by concerns over higher bond yields and the Federal Reserve's potential reluctance to cut rates as much as anticipated. The S&P 500 and Dow retreated from record highs, with Palantir Technologies and NXP Semiconductors seeing after-hours surges following positive quarterly results. Federal Reserve Chair Jerome Powell's comments on rate cuts and worries about market sustainability contributed to the cautious sentiment, while upcoming economic reports and earnings releases from companies like Eli Lilly and Boeing supplier Spirit AeroSystems are awaited.
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- Live news: Short-term Treasury yields at 1-month high after Powell's rate comments Financial Times
- Dow Jones Falls 274 Points After Powell Comments; Cathie Wood Loads Up On Stock Amid 40% Plunge Investor's Business Daily
- Wall Street equities fall with interest rates, earnings in focus Reuters
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