Wall St eyes higher open as yields ease heading into Fed meet
© Reuters. Traders work on the floor of the New York Stock Exchange in New York City, U.S., October 20, 2023. REUTERS/Brendan McDermid
The three main indexes rallied more than 1% in the previous session, rebounding from a selloff in the past few weeks that was sparked by surging Treasury yields and the Middle East conflict.) fell nearly 5% in premarket trading as the company's dealer inventories rose and a large order backlog shrunk, indicating that equipment demand is starting to slow.Helping broader markets, the yield on the ten-year U.S. Treasury note slid to 4.
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