U.S. Stock Futures Are Lower While Equities Are Mixed After Large Cap Tech Companies Reported Earnings

United Asset Strategies |
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Morning Updates

U.S. stock futures are lower. Equities are mixed this morning after a series of large cap tech companies reported earnings yesterday.

Personal income increased 0.4% month-over-month in September which was in-line with forecasts. Personal spending for September came in at 0.6% which exceeded expectations of a 0.4% increase.

Treasury Yields are rising with the 2-Yr at 4.38% and the 10-Yr at 4.00%. Asian markets closed lower as the Bank of Japan announced that they were not making any changes to their policy rate and European markets are moving lower at midday after the ECB announced a 75 bps rate hike yesterday.