Stock futures steady as Treasury yields top 5.2%

  • Stock futures ended little changed Monday night as traders sought recovery after another equity selloff.
  • 10-year Treasury yield closed above 5.2%, near levels last seen in 2007.
  • Investors will receive September confidence and August labor-market data Tuesday.

U.S. stock futures were little changed Monday night after another decline in equities, as rising Treasury yields continued to weigh on risk appetite. Dow Jones Industrial Average futures rose 7 points, while S&P 500 and Nasdaq-100 futures traded slightly below unchanged. In regular trading, the Dow dropped more than 300 points, while the S&P 500 and Nasdaq Composite fell 0.8% and 0.9%, respectively. The 10-year Treasury yield finished above 5.2%, close to levels last seen in 2007, while the 30-year yield exceeded 5.56%, around a level reached in 2004. Investors were concerned that persistent inflation could prompt further Federal Reserve (the U.S. central bank) rate increases. Fresh consumer-confidence and labor-market data due Tuesday could influence Treasury yields. AMD also said it was acquiring artificial-intelligence firm World Labs for $8.2 billion, while AMD shares were little changed after hours.

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Stock futures steady as Treasury yields top 5.2% - CoinPost Terminal