Wall Street steadies as Fed calms rate fears; Tesla jumps

invezz.com (Swedish) —

US stock futures were mixed Friday as Wall Street sought to end a volatile week on steadier footing, with Dow futures up about 145 points or 0.3%, S&P 500 futures gaining 0.2%, and Nasdaq 100 futures falling 0.23%. Federal Reserve Chair Kevin Warsh refrained from signaling an October rate hike, easing valuation pressure and keeping the 10-year Treasury yield near 5.09%, below the week's peak of 5.3%. However, unresolved AI-related credit risks persist, with CoreWeave bonds yielding over 15%, while investors await industrial production data, regional bank earnings, and a 5% premarket rise in Tesla shares. Tesla gained after unveiling a redesigned Roadster with SpaceX thrusters, though analysts noted limited short-term financial impact. Regional banks including Truist and Citizens report quarterly results, offering a test of high-rate stress on margins and credit quality.


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