Wall Street Stalls as Bond Yield Surge Keeps Investors on Edge
What Happened
US stock futures were largely flat to lower as investors remained cautious over rising Treasury bond yields and higher crude oil prices, both of which have revived concerns about inflation and borrowing costs. The Dow had recently fallen by about 246 points, while futures struggled to gain momentum despite measures by the US Treasury to support longer-dated bonds.
Key Takeaways
Higher oil prices and surging bond yields are becoming the market's biggest worries, threatening stock valuations and dampening investor appetite for risk, especially in growth and technology shares.