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Wall Street Opens Cautiously Higher Ahead of Earnings Season; Dow up By Investing.com

by Mike Robinson

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© Reuters.

Geoffrey Smith 

Investing.com – The U.S. Stock Markets opened modestly lower on Tuesday. However, they showed no appetite for big moves in advance of the third quarter earnings season. It will start with reports from the major banks later this week. 

At 9:45 am ET (1345 GMT), both the and were down 75 points or 0.2% respectively, with the also falling 0.2% and 0.1% respectively, an extension of Monday’s losses. 

While stock prices are still being pressured by higher long-term interest rates, the bond market has been positioning itself for a gradual withdrawal from Federal Reserve support. It rose to an all-time high of 1.633% overnight. By 9:45 am it was at 1.611% ahead of the key sentiment test at the Treasury’s note sale later that day. 

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