Stock Futures Dip After Strong Weekly Gains on Wall Street
Stock futures declined slightly after a strong week for U.S. equities, despite rising Treasury yields hitting multiyear highs. The Dow Jones Industrial Average advanced 0.3% last week, ending its three-week losing streak, while the S&P 500 and Nasdaq Composite rose by 1.2% and 2.1%, respectively. Tech stocks led the rally, with Meta Platforms surging nearly 13% due to positive reactions to its Muse AI agent. The rise in Treasury yields has increased expectations for further Federal Reserve rate hikes amid persistent inflation concerns. The benchmark 10-year yield reached a level not seen since 2007, and the 30-year bond hit a high from 2004. Analysts warn that higher rates could worsen government deficits globally. Investors will closely watch key economic data this week, including inflation figures on Wednesday, manufacturing numbers on Thursday, and employment reports due Friday.
Tickers: $AAPL $META $MSFT $NVDA
Topics: Dow Jones Federal Reserve inflation Nasdaq-100 S&P 500 Treasury yields