Nasdaq 100 Futures Fall 0.08%, Invesco QQQ ETF Drops 0.18%
Nasdaq 100 futures slipped 0.08% after Federal Reserve minutes revealed splits on further rate hikes, while markets still anticipate two cuts by year-end. Invesco QQQ ETF declined 0.18% premarket as oil prices rose over 1% on stalled US-Iran nuclear talks and the 10-year Treasury yield hit 4.10%.
1. Fed Meeting Minutes Highlight Policy Divide
Minutes from the January Federal Reserve meeting showed a clear split among policymakers, with some pushing for additional rate hikes to tame inflation while others favored maintaining or reducing rates later in the year.
2. Geopolitical Tensions Drive Oil Higher
Stalled indirect nuclear negotiations between the US and Iran in Geneva sent crude oil prices up over 1%, reinforcing cautious sentiment in equity futures.
3. QQQ ETF and Bond Yields React
Invesco QQQ ETF fell 0.18% in premarket trading alongside a 0.08% drop in Nasdaq 100 futures, as the 10-year Treasury yield rose to 4.10% and the two-year yield held at 3.47%.