Futures gain as US polls, Fed rate decision loom large over markets

A new poll showed Democratic candidate Kamala Harris leading in Iowa ahead of a Tuesday vote, even though rising bets of a win for Republican candidate Donald Trump in the recent weeks had lifted bond yields, dollar and bitcoin. Stocks viewed as bets on the former president's chances of victory dipped in premarket trading, while a drop in 10-year Treasury yield from its recent high eased pressure on the broader market. Trump Media & Technology Group slipped 5% and software developer Phunware that made apps for Trump campaign in 2020 fell 8.9%.