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Stock futures fell Tuesday, putting Wall Street on track for another losing session, as a back-up in interest rates overshadowed a solid start to earnings reporting season.
Futures for the Dow Jones Industrials slid 168 points, or 0.4%, to 43,008.
Futures for the S&P 500 bowed 23.75 points, or 0.4% to 5,872.50
Futures for the NASDAQ Composite Index fell 92 points, or 0.5%, to 20,427.50.
General Motors shares were up nearly 3% after the automaker reported third-quarter results that beat analyst expectations and raised its full-year outlook.
Jefferies sees less downside ahead than previously expected for Tesla stock.
While analyst Philippe Houchois has a hold rating, he upped his price target on the electric vehicle maker by $30 to $195. Still, that implies the stock will tumble 10.9% over the next year from Monday’s close.
During Monday’s trading session, the 30-stock Dow fell more than 344 points, or 0.8%, after three consecutive winning sessions. The S&P 500 declined about 0.2%, while the NASDAQ Composite added close to 0.3%.
The market has been on a hot streak in October with the S&P 500 reaching a record and stretching its year-to-date gain to beyond 22%. A loss in Tuesday’s session would be the first back-to-back losing session for the benchmark since early September.
In Japan, the Nikkei 225 fell 1.4% Tuesday, while in Hong Kong, the Hang Seng inched up 0.1%.
Oil prices gained 66 cents to $71.22 U.S. a barrel.
Gold prices hiked $8.80 to $2,747.70
