From Bloomberg

• "Stocks posted small moves on a busy earnings day and bonds edged lower as the prospect of less aggressive Federal Reserve interest-rate cuts continued to weigh on markets.

• US futures pointed to a slight drop at the Wall Street open, with Starbucks Corp. retreating in the premarket after pulling guidance for 2025. Traders will be watching for surprises from Tesla Inc., Boeing Co., Coca-Cola Co. among others after downbeat news from some key American companies on Tuesday. Europe’s Stoxx 600 benchmark ticked lower.

• Ten-year Treasuries dropped, lifting the yield two basis points after it topped 4.2% for the first time since July earlier this week. Yields on Japan’s 40-year notes reached the highest in 16 years.

• The broader risk-off tone comes as investors pare back bets on rapid policy easing, given signs that the US economy remains robust and concerns about wider fiscal deficits after the presidential election. Most Fed officials speaking earlier this week signaled they favor a slower tempo of rate reductions.

• The bond moves have made earnings seem like a “bit of a sideshow,” said James Athey, a portfolio manager at Marlborough. “Shifting growth, the Fed and election expectations have created a bit of a perfect storm for a Treasury market which was a little over its skis in terms of rate cut expectations just a month or so ago.”"