Stock futures ticked lower, suggesting the recent winning streak on Wall Street could come to an end, while Treasurys rallied, bringing down yields.
In global markets, UBS posted a larger-than-expected loss on costs related to taking over Credit Suisse. Saudi Aramco said profit dipped last quarter on lower oil prices.
Results from KKR, Carlyle Group and TPG will shed light on the state of the private-equity industry before the bell. EBay, Rivian Automotive and Robinhood Markets report after the market closes.
Index futures declined. Futures for the S&P 500, Dow industrials and Nasdaq-100 all traded lower. The S&P 500 has risen for six consecutive days, its longest winning streak since June, while the Nasdaq Composite has had its best run since January.
Bond yields retreated. The yield on 10-year Treasury notes slipped toward 4.6% from 4.662% Monday. The Treasury Department’s debt-sale plan sparked a big bond rally last week, but that was partly undone Monday.
International stock markets broadly declined. The Stoxx Europe 600, Nikkei 225 and Hang Seng Index all fell.
Oil markets retreated, putting benchmark Brent crude on track for its lowest close since August at just under $84 a barrel.
And don’t forget to pour a glass for WeWork, which filed for bankruptcy late Monday. Our colleagues Eliot Brown and Konrad Putzier remember the highs and the very lows of the office landlord that tried to be a tech company.
Read More: Dow Futures Waver, UBS Posts a Loss