Dow Jones Futures Fall After Two Days Of Stock Market Rally; The Musk-Twitter Saga Is Not Over Till Yet

The Dow Jones futures took a beating in the early hours of Wednesday, with the S&P 500 futures and the Nasdaq futures trading higher

An announcement related to the major production cuts is expected in today's meeting related to OPEC+.

Efforts linked to a stock market rally continued on Tuesday, as the Federal Reserve slowed rate hikes

TWTR stock skyrocketed as Tesla CEO Elon Musk agreed to move forward with the $44 billion Twitter (TWTR) acquisition

Major indices are trending up, but no retracing of key levels or confirmation of a fresh rally attempt

Dow Jones futures are down 0.7% versus fair value. S&P 500 futures are down 0.7%. Nasdaq 100 futures have retreated 0.65%.

The 10-year Treasury yield has risen 7 basis points to 3.69%. The dollar has also risen higher since pulling back over the past several days

Tesla (TSLA) is up 2.9% to 249.44 since the latest Musk-Twitter news, having retreated from an intraday high of 256.89