TNA is trading 2.4% lower as investors reduce exposure to economically sensitive small-cap stocks ahead of September 23 flash PMI data and Federal Reserve Vice Chair Michael Barr’s remarks.
- Treasury yields rose modestly, with the 10-year yield near 4.98%.
- Russell 2000 futures fell 0.37%, signaling broader small-cap weakness.
- Uncertainty around U.S.-Iran diplomacy and oil-market direction is adding to cautious risk sentiment.