U.S. stock futures declined on Wednesday, as the Dow Jones, Nasdaq 100, and S&P 500 indices fell, following Tuesday’s higher close.
Market sentiment faced fresh geopolitical pressure as Iran ruled out direct talks with U.S. envoys, stating that "no meeting at any level with the American side has been scheduled for the coming days." The diplomatic impasse casts uncertainty over a fragile ceasefire near a critical oil transit route, pushing negotiators to communicate solely through Qatari mediators.
Meanwhile, the 10-year Treasury bond yielded 4.47%, and the two-year bond was at 4.17%. The CME Group’s FedWatch tool’s projections show markets pricing a 66.3% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.
The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Wednesday. The SPY was down 0.18% at $745.42, while the QQQ declined by 0.54% to $732.45.
