Futures Slide, Treasury Yields Surge Ahead of Clarity Act Vote
Stock futures fell on Tuesday as traders awaited the Federal Reserve's policy decision later this week. The decision could have a ripple effect throughout the economy, causing market uncertainty.
The 10-year Treasury yield reached its highest level since 2007, reaching over 5%. This surge in yields may impact various sectors, including technology and finance.
Meanwhile, Bitcoin's price dropped below $77,000. The Clarity Act, a Senate bill aimed at regulating the cryptocurrency market, is set for a vote today. If passed, it could bring clarity to the industry and potentially boost prices.