S&P 500 Futures Drop 0.7% as Inflation Data Stays High
US equity futures are down significantly as August core inflation data confirmed persistent price pressures, keeping the 10-year Treasury yield near 4.92%. While market breadth suffers from rate hike expectations, cybersecurity firms rallied on analyst upgrades, contrasting with declines in industrial names like Corning.
GN markets/inflation (en-US) details that August core CPI rose 0.3% month-over-month, reinforcing the narrative that elevated borrowing costs are specifically pressuring growth-oriented tech and smaller-cap stocks. The report also highlights a sharp divergence in cybersecurity stocks, with Zscaler, CrowdStrike, and Palo Alto Networks surging on fresh Wedbush coverage, while Corning slumped on a new equity offering.
Source: Yahoo FinanceUS equity futures declined on Tuesday as hotter-than-expected core inflation data reinforced expectations for sustained high interest rates. The 10-year Treasury yield remained near 4.9%, weighing on growth-oriented sectors.
Source: simplywall.st
