Merchants work on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., August 15, 2022. REUTERS/Brendan McDermid

Aug 17 (Reuters) – U.S. inventory index futures fell on Wednesday after weak outcomes from retailer Goal rekindled fears concerning the well being of U.S. customers, whereas progress shares got here below renewed stress as bond yields climbed.

Goal Corp (TGT.N) fell 2.2% in buying and selling earlier than the bell after reporting a 90% fall in quarterly earnings and lacking comparable gross sales estimates as its inflation-hit prospects reined in spending on discretionary items. learn extra

Encouraging quarterly earnings from greater rival Walmart Inc (WMT.N) and residential enchancment chain Residence Depot Inc (HD.N) boosted the benchmark S&P 500 (.SPX) and blue-chip Dow (.DJI) within the earlier session.

Knowledge at 08:30 a.m. ET, is anticipated to point out retail gross sales rose at a diminished tempo of 0.1% in July, after climbing 1% in June.

Focus was additionally on the discharge of minutes of the U.S. Federal Reserve’s July assembly that might give clues concerning the dimension of additional rate of interest hikes after policymakers have been adamant they’ll maintain elevating charges till inflation is below management. learn extra

Merchants see a close to equal likelihood of a 50 basis-point and a 75 basis-point hike by the Fed in September. FEDWATCH

At 07:03 a.m. ET, Dow e-minis have been down 176 factors, or 0.52%, S&P 500 e-minis have been down 29.75 factors, or 0.69%, and Nasdaq 100 e-minis have been down 108 factors, or 0.79%.

Excessive-growth and know-how shares equivalent to Amazon.com Inc (AMZN.O) and Tesla Inc (TSLA.O) fell 1% every as U.S. Treasury yields rose for the second straight session.

Stronger-than-expected company earnings have helped gas a rebound for U.S. shares, however some buyers are pointing to potential dangers forward for income that might sap momentum. learn extra

Residence enchancment chain Lowe’s Cos Inc (LOW.N) rose 2.9% on posting a better-than-expected quarterly revenue. learn extra

Reporting by Bansari Mayur Kamdar in Bengaluru; Modifying by Shounak Dasgupta

Our Requirements: The Thomson Reuters Belief Ideas.