Stocks looked set to rebound on Wednesday, although investors remained on edge about rising borrowing costs as long-dated bonds extended their recent selloff.
Futures tracking the Dow were slipping 15 points, effectively trading flat. S&P 500 futures climbed 0.4%, and contracts tied to the tech-heavy Nasdaq 100 rose 0.6%.
The three blue-chip gauges had all started September–historically the worst month of the year for stocks–in the red, as Wall Street returned from the Labor Day weekend in a risk-off mood. Investors are trying to make sense of the Trump administration’s attempt to fire Federal Reserve Gov. Lisa Cook, as well as the legal battle the White House is facing to impose tariffs.