Wall Street shares were mixed early Wednesday, with futures for the S&P 500 up 0.4% and Dow Jones Industrial Average futures down 0.1%, according to the Associated Press.
Long-term Treasury yields are feeling pressure from President Donald Trump’s attacks on the Federal Reserve for not cutting interest rates sooner.
A U.S. federal appeals court also ruled late Friday that Trump overstepped his legal authority when announcing sweeping tariffs on almost every country, though it left the tariffs in place for now.
Later this week, economists expect a report to show that U.S. employers increased their hiring last month. Last month’s weaker-than-expected jobs report raised worries about the economy and cranked up expectations for coming rate cuts by the Fed.
In energy trading, benchmark U.S. crude shed 36 cents to $65.23 per barrel. Brent crude, the international standard, fell 37 cents to $68.77 per barrel.
