U.S. Futures Slip, Yields Extend Gains Before Fed: Markets Wrap

(Bloomberg) — U.S. futures edged lower and Treasury yields extended gains ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid a budding recovery that risks stoking inflation.

Contracts on the S&P 500 traded modestly down, while those on the Nasdaq dropped 0.8%. Fuel-cell firm Plug Power Inc. plunged more than 20% in pre-market trading after it disclosed accounting errors. The Stoxx Europe 600 Index fell, and South Korean stocks retreated…


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