U.S. Stock Futures Are Lower with Earnings Results Still Beating Consensus #Bitcoin #StockFutures #Earnings
U.S. stock futures are lower. Futures are ticking slightly lower this morning with actual earnings results still beating consensus. Bond yields continue to move higher. The 10y inched up to 1.63% this morning from 1.59% from its previous close. Oil prices (WTI) are down by roughly 1% as the U.S oil inventories came in higher than expected. Data from the American Petroleum Institute industry group showed U.S. crude stocks rose by 3.3 million barrels for the week ended Oct. 15. The first bitcoin-linked ETF – The ProShare Bitcoin Strategy ETF began trading on Tuesday, and Bitcoin increased to $64,350 in early trading. European markets are higher and Asian markets closed lower.