By Oliver Gray
Investing.com - U.S. stock futures were little changed in early APAC deals on Tuesday, after major benchmark indices closed lower during regular trade as higher commodity prices and a surge in long term bond yields hit risk sentiment ahead of major third-quarter earnings results.
During Monday’s regular session, the Dow Jones Industrial Average shed 250.19 points, or 0.72%, to 34,496.07. The S&P 500 lost 30.15 points or 0.69% to 4,361.19. The Nasdaq Composite dipped 93.34 points or 0.64% to 14,486.20.
Futures on the {{8873|Dow Jones} lost 23.8 points or 0.07%. S&P 500 futures and Nasdaq 100 futures were both down by 0.13% and 0.15% respectively.
Market participants are also looking ahead to third-quarter earnings results, with major banks JPMorgan set to report Wednesday, while Bank of America (NYSE:BAC) , Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C) will report later in the week. according to Refinitiv data, earnings growth is expected to grow about 30% year over year this quarter following a 96.3% expansion in the second quarter.
On the bond markets, United States 10-Year yields were at 4-month highs of 1.633%
Among data, investors will monitor the latest employment data on Tuesday as the Labor Department releases its Job Openings and Labor Turnover Survey, while the FOMC minutes due Wednesday will be in the spotlight for any further clues on the Fed's tapering timeline.