By Oliver Gray
Investing.com - U.S stock futures were little changed during Tuesday’s evening deals after major benchmark averages retreated during the regular session as traders braced for a further interest rate increase from Federal Reserve policymakers, while long-term bond yields surged.
In extended deals, Stitch Fix (NASDAQ: SFIX ) fell 1.5% after the company reported earnings results, posting losses of 89 cents per share on revenues of $481.9 million, down 16% from the same period last year.
Ahead in Wednesday’s session, market participants will be expecting the third consecutive 75 basis point rate hike from the Federal Reserve hike after a higher-than-expected consumer price index reading in August, while existing home sales will also be closely monitored.
On the bond markets, United States 10-Year rates were at 3.569%, the highest levels since April 2011.
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