Bonds are starting to deliver “equity-like returns,” according to Larry McDonald, similar to during the summer of 1987.

The stock market opened deep in the red on Thursday, a day after U.S. equities closed lower as Treasury yields spiked and markets priced in further rate hikes in the year. The S&P 500 (SP500) -0.5%, the Dow (DJI) -0.

Inflation fears and rising bond yields outweighed hopes for Middle East diplomacy and for the artificial intelligence boom to continue its run.

Stock futures pointed sharply lower Thursday, a day after a market selloff, as Treasury yields continued their ascent. Meanwhile, President Donald Trump is set to meet with Chinese leader Xi Jinping today in Washington.

Wall Street futures dropped on Thursday as the Middle East conflict remained far from a resolution while investors also exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping.

Clocktower’s Eric Wallerstein believes stocks are headed for trouble next year, and safety-seeking investors could drive gold to $6,000 an ounce.

US stocks fell as the 10-year Treasury yield topped 5%, tech shares weakened and investors prepared for Thursday’s Trump-Xi meeting.

Stock Market Today: The Dow Jones index falls Wednesday after the Nasdaq set a new high Tuesday. Micron and Sandisk drop. See where the stock market may be headed by checking the premarket price action in the stock futures, including Dow futures, S&P ...

A more flexible definition of value has helped one fund outperform at a time when the fastest hands are rewarded for holding the hottest growth stocks.

Banking and financial stocks lead the selloff after proposed IRDAI commission changes, while elevated crude oil and global bond yields add to market pressure.