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Live updates on the current stock market situation, summarized in just 13 words.

Stock futures declined as traders focused on the rising 10-year Treasury yield. Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures fell 0.1%, and Nasdaq 100 futures dropped about 0.2%. The 10-year Treasury yield crossed 5% for the first time in 16 years, reaching 5.001%, causing concerns among investors. SolarEdge shares tumbled 24% after the company revised its third-quarter revenue guidance, while Knight-Swift Transportation gained 16% after beating estimates in the third quarter.

The market experienced significant volatility on the previous day, with the Dow falling 0.75%, the S&P 500 decreasing by 0.85%, and the Nasdaq Composite sliding nearly 1%. Federal Reserve Chair Jerome Powell’s speech in New York rattled stocks, as he stated that inflation remains too high and lower economic growth may be necessary to bring it down. However, Powell did not provide a clear direction for rates at his speaking engagement. Despite this uncertainty, Fed fund futures pricing suggests a 92% probability that rates will remain unchanged after the November meeting.

For the week, the major averages are on track for losses, with the S&P 500 down 1.2%, the Nasdaq down 1.7%, and the Dow down nearly 0.8%. In terms of earnings, investors are awaiting results from companies such as Comerica, Regions Financial, American Express, and SLB. Overall, the market remains cautious due to the rising Treasury yields and concerns over inflation.

(Note: This is a unique summary of the given news article and has been expanded to three paragraphs without changing the context.)

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