U.S. Stock Futures Are Higher After Choppy Trading Yesterday #EarningsSeason #DebtCeiling #PresidentBiden

United Asset Strategies |

U.S. stock futures are higher: Markets are expected to open higher today after choppy trading yesterday with the three primary indexes closing lower. Continuing elevated energy prices may curtail growth as essential gasoline and heating expenses increase. Treasury yields on 10y & 30y bonds inched lower this morning and the 10-yr note auction is set for today at 1. Bonds markets were closed yesterday. Some of largest banks are set to kick off the earnings season tomorrow. Additionally, the House is scheduled to vote on the short-term debt ceiling hike and approval is expected & should be signed by the President. This plan allows the government to operate until the first week of December. Asian markets closed lower with persistent fears related to the real estate sector and heightened regulatory issues pressuring share prices. European markets are trading lower.