Stock futures pointed sharply lower Thursday, a day after a market selloff, as Treasury yields continued their ascent.
US stock futures indicate a negative market opening, with the Nasdaq down 1%. Rising Treasury yields, following strong PMI data, heighten expectations for another Federal Reserve rate hike.
Tailwinds for the stock market rally are once again headwinds.
Dow, S&P 500, and Nasdaq futures are falling in premarket trading as the stock market grapples with sky-high treasury yields.
S&P 500 futures are down 0.5%. Dow Jones Industrial Average futures are down 0.3%. Nasdaq 100 futures are down 0.7%. U.S. stocks are set to fall on Thursday while U.S. Treasurys rise as investors fear ...
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