Commodities
S&P 500 Futures Slip on Higher Oil Prices and Elevated Yields
The S&P 500 futures slipped by around 0.1% on Tuesday as traders returned from their long weekend to higher crude oil prices and elevated Treasury yields.
The US added 162,000 positions in August, nearly triple the forecasted 56,000 jobs, causing labor-market anxiety to give way to interest-rate anxiety.
Traders now price around a 60% probability that the Federal Reserve raises rates by a quarter-point next week.