Dow Jones Futures: S&P 500, Nasdaq Break Support; How Will Bonds React To Fed Rate Hike, Outlook?

Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures. All eyes turn to the Federal Reserve, which is expected to raise interest rates on Wednesday amid soaring oil prices and Treasury yields. The stock market saw further losses Tuesday with the Nasdaq and S&P 500 dropping below their 50-day moving averages, joining the other…