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US pre-open: Futures mixed as 10-year Treasury note reaches fresh high

(Sharecast News) - Wall Street futures were mixed ahead of the bell on Tuesday as the 10-year Treasury note hit a fresh high. As of 1210 BST, Dow Jones futures were up 0.32%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.05% and 0.11% lower, respectively.

The Dow closed 248.13 points lower on Monday as investors looked past some solid retail sales numbers amid ongoing tensions in the Middle East.

In the corporate space, United Health shares traded higher following its Peter-than-expected first-quarter revenue performance, while Johnson & Johnson shares were in the red on the back of some mixed quarterly results.

Earnings will continue to be a focal point throughout the course of the day, with quarterly numbers due from the likes of Bank of America, Morgan Stanley and United Airlines.

Geopolitical tensions also remained firmly in focus after Iran launched missiles and drones at Israel on Saturday, shattering Israel's deference policy.

Elsewhere, the yield on the benchmark 10-year Treasury note rose more than four basis points to a high of 4.651%.

On the macro front, March building permits and housing starts data will be out at 1330 BST, while capacity utilisation and industrial production figures will follow at 1415 BST.

Federal Reserve bankers Philip Jefferson and John Williams will deliver speeches at 1400 BST and 1730 BST, respectively, while chairman Jerome Powell will speak at 1815 BST.

Reporting by Iain Gilbert at Sharecast.com

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