Stock futures fell Tuesday, putting Wall Street on track for another losing session, as a back-up in interest rates overshadowed a solid start to earnings reporting season. Futures tied to the Dow Jones Industrial Average shed 193 points, or 0.5%. S&P 500 futures slid 0.5%, while Nasdaq-100 futures slipped 0.6%. During Monday’s trading session, the 30-stock Dow fell more than 344 points, or 0.8%, after three consecutive winning sessions. The S&P 500 declined about 0.2%, while the Nasdaq Composite added close to 0.3%. The market has been on a hot streak in October with the S&P 500 reaching a record and stretching its year-to-date gain to beyond 22%. A loss in Tuesday’s session would be the first back-to-back losing session for the benchmark since early September. Uncertainty about the future of Federal Reserve rate cuts has weighed on markets so far this week with the 10-year Treasury yield topping 4.20% early Tuesday after surging 11 basis points in the prior session. The 2-year yield climbed to 4.04% early Tuesday. Rates have actually increased since the Fed cut by a half point a month ago. Part of that move can be attributed to improving economic data, but some of that increase is due to pessimism the Fed won’t be as aggressive with rate cuts moving forward. Minneapolis Federal Reserve President Neel Kashkari hinted Monday the central bank may take a more modest approach from here. Earnings season picks up this week with about one-fifth of the S&P 500 slated to report results. So far, about 14% of companies in the broad index have reported results, with more than 7 out of 10 topping earnings estimates, according to FactSet. While it is early in the season, some on Wall Street have raised concerns that the bar may be too high for corporate America. Despite a recent dialing back in expectations, Megan Horneman, chief investment officer at Verdence Capital Advisors, thinks 2025 estimates appear unrealistic. “It is good to see analysts getting realistic about 2025 earnings growth,” she said. “However, at 15% earnings growth, we believe it is still too optimistic given the expectation for slower economic growth in 2025.” The U.S. 10-year Treasury yield was on the move higher again on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts. The yield on the 10-year Treasury rose 2 basis points to 4.2036%, marking its first time above 4.2% in three months, after jumping 12 basis points on Monday. The yield on the 2-year Treasury was up 2 basis points to 4.0431%. Asia-Pacific markets mostly slipped on Tuesday, trailing a mixed session on Wall Street.  Australia’s S&P/ASX 200 was down 1.66% to close at 8,205.7, its lowest level in almost 2 weeks. South Korea’s Kospi fell 1.31% to close at 2,570.7, while the small-cap Kosdaq lost 2.84% to hit its lowest level in over a month. Japan’s benchmark Nikkei 225 fell 1.39% to 38,411.96, while the broad based Topix was trading down 1.06% at 2,651.47. Hong Kong’s Hang Seng index was up 0.12% as of its final hour, while the mainland Chinese CSI 300 climbed 0.57% to end at 3,957.78. Oil prices steadied near $74 a barrel on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh. Brent crude futures for December delivery were down 20 cents, or 0.27%, at $74.09 at 0855 GMT. U.S. West Texas Intermediate crude futures for November delivery were 20 cents lower at $70.36 a barrel on the contract’s last day as the front month. The more actively traded WTI futures for December delivery, which will soon become the front month, fell 22 cents, or 0.3%, to $69.82 per barrel. Gold climbed on Tuesday, trading not too far away from the record peak it hit in the last session, as concerns over rising geopolitical tensions, U.S. election uncertainties and prospects of central banks lowering interest rates boosted demand. Spot gold rose 0.5% to $2,733.15 per ounce by 0936 GMT and U.S. gold futures gained 0.3% to $2,747.60. Bullion, considered a hedge against geopolitical and economic uncertainties, hit an all-time high of $2,740.37 on Monday. The non-yielding asset has gained more than 32% so far this year. “Uncertainty is the key word at the moment and safe-haven like gold is actually the most important refuge asset possibly in traders’ portfolios at the moment,” said Ricardo Evangelista, senior analyst at ActivTrades.