Futures pressured as yields rise; 3M, GM up after results
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U.S. stock index futures fell on October 22, 2024, as rising Treasury yields pressured rate-sensitive shares; General Motors (GM.N) rose 2.4% after beating Q3 estimates; 3M (MMM.N) increased 3.5% after raising its profit forecast; Dow E-minis down 169 points (0.39%), S&P 500 E-minis down 30 points (0.51%), Nasdaq 100 E-minis down 128.75 points (0.63%); 10-year Treasury yield rose to 4.222%; traders see 87.5% chance of a 25-basis-point rate cut in November; GE Aerospace (GE.N) fell 4%, Danaher (DHR.N) up 2.9%; over 100 companies reporting earnings this week; estimated S&P 500 Q3 earnings growth at 6.5% excluding Energy sector; Philadelphia Fed President Patrick Harker's remarks expected later.

#StockMarket #TreasuryYields #CorporateEarnings #GeneralMotors #3m #EconomicOutlook #FederalReserve #Investors #DowJones #S&p500

https://www.kitco.com/news/off-the-wire/2024-10-22/futures-pressured-yields-rise-3m-gm-after-results