DJIA futures down 80 points (Il Sole 24 Ore Radiocor) - New York, 09 May - US futures were lower as investors studied the latest stream of earnings and bond yields moved higher.

Wall Street ended mixed yesterday in lacklustre trade with the Dow racking up its sixth straight session of gains, its longest winning streak since December. The tech-heavy Nasdaq lost 0.2% while the S&P 500 closed unchanged.

The benchmark 10-year Treasury yield ticked higher today to rise above the key 4.5% mark amid ongoing doubts over when, and if, the Federal Reserve will cut interest rates this year.

Stubborn inflation has prompted the Fed to put back the timetable for rate cuts and prompted traders to recalculate their expectations for the number of cuts this year.

Yesterday Boston Fed president Susan Collins became the latest policymaker to say rates will have to stay higher for longer. "The recent data lead me to believe this will take more time than previously thought," she said in a speech.

After a Monetary Policy Committee meeting today the Bank of England said it had decided to maintain the Bank Rate at 5.25%.

On the stocks front shares in holiday-rental app company Airbnb fell 9% in premarket trade after it released disappointing forecasts while Robinhood Markets rose 5% after the online brokerage beat forecasts for its quarterly results. Chipmaker Arm shares fell after it gave underwhelming revenue guidance.

On the agenda today, a quarterly update from Warner Bros.

Futures on the Dow Jones were down 80.00 points, or 0.20%, S&P 500 futures were down 10.75 points, or 0.21%, while futures on the Nasdaq were 50.75 points, or 0.28%, lower.

AAA-Sje

(RADIOCOR) 09-05-24 13:51:59 (0408) 5 NNNN