US equity-index futures were mixed and the dollar fell as investors bet a strong earnings performance can continue despite recent disappointments. European stocks fell.
Contracts on the Nasdaq 100 fell 0.4% following losses on the underlying gauge driven by NVidia Corp.’s revenue miss. Those on the S&P 500 were also in the red. Treasuries dipped, with the 10-year benchmark yield rising three basis points as traders await Wednesday’s inflation report to gauge the path of Federal Reserve tightening.
“Until inflation abates and the Federal Reserve rebalances its priorities away from inflation and toward growth, tempting rallies are likely to remain unsustainable,” Seema Shah, chief strategist at Principal Global Investors, wrote in a note to clients.
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