U.S. stocks faced another setback on Wednesday due to uncertainty surrounding interest rates and inflation. Bond yields eased slightly but remained above recent levels. Traders are closely monitoring statements from multiple Federal Reserve speakers today.
Mixed earnings reports are affecting market sentiment, with Tesla Inc‘s (NASDAQ:TSLA) third-quarter print being the top draw for Wednesday. Other factors influencing traders include the spike in oil prices, sluggish Chinese economic growth, Middle East tensions, and the ongoing House Speaker election stalemate in Capitol Hill.
