"Wall Street's Interest Rate Concerns Impact S&P 500 Futures: Live Updates"

S&P 500 futures dipped as concerns over the Federal Reserve's interest rate policy resurfaced, with investors worried about a potential rate hike this year. The broader market index futures declined 0.2%, while Nasdaq 100 futures fell 0.5%. The previous day, U.S. stock benchmarks sold off due to higher Treasury yields pressuring tech stocks and increasing concerns about inflation. Traders also analyzed corporate earnings, with C3.ai reporting lower-than-expected gross margin and GameStop reporting positive second-quarter results. Additionally, China's trade figures for August showed a smaller decline than expected, while Australia's trade surplus for July was lower than anticipated. A report by BMI predicted that India's consumer market would become the world's third-largest by 2027, driven by rising middle- to high-income households. West Texas crude oil futures reached their highest level for the year, with WTI crude trading at $88.08 per barrel.