Stock Market Today: Dow, Nasdaq Futures Sink as Bond Selloff Intensifies
US stock market futures, including Dow, S&P 500, and Nasdaq, are under pressure as bond yields rise. Japan's benchmark bond yield hit 3% for the first time since 1996. Global bond yields have soared to multi-decade highs, fueled by inflation fears and Middle East turmoil. This has led to a decline in stock futures, with Dow futures falling 240 points.
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- ✓ Japan's benchmark bond yield hits 3% for first time since 1996
- ✓ Global bond yields have soared to multi-decade highs
- ✓ Dow futures fall 240 points as bond yields, oil prices rise
What changed
The Dow, S&P 500, and Nasdaq futures have declined as the bond selloff intensifies, with Japan's benchmark bond yield hitting 3% for the first time since 1996.
Live updates
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Dow, Nasdaq Futures Sink as Bond Selloff Intensifies
US stock market futures, including Dow, S&P 500, and Nasdaq, are under pressure as bond yields rise. Japan's benchmark bond yield hit 3% for the first time since 1996. Global bond yields have soared to multi-decade highs, fueled by inflation fears and Middle East turmoil. This has led to a decline in stock futures, with Dow futures falling 240 points.
Why it matters
The intensifying bond selloff has raised concerns about the impact on the stock market. Rising bond yields can increase borrowing costs and reduce investor appetite for stocks. The global bond selloff has been driven by inflation fears, fueled by the recent turmoil in the Middle East. This has led to a decline in stock futures, as investors become increasingly cautious.
What is confirmed
- Japan's benchmark bond yield hits 3% for first time since 1996
- Global bond yields have soared to multi-decade highs
- Dow futures fall 240 points as bond yields, oil prices rise
What to watch next
- ISM data release
- Palo Alto earnings report
- Further developments in the Middle East
confidence 90%Sources used for this update (13)
- Financial Times — Japan’s benchmark bond yield hits 3% for first time since 1996
- Bloomberg.com — Global Bond Selloff Sends Yields to the Highest Level Since 2008
- CNBC — Global bond yields soar to multi-decade highs as Middle East turmoil reignites inflation fears
- Reuters — Analysts react to global bond selloff
- Reuters — Wall St futures kick off September under pressure as yields, oil prices rise
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures waver as inflation, Fed rate-hike fears persist
- The New York Times — Global Bond Sell-Off Puts Investors on Edge
- WSJ — Stock Market Today: Dow, Nasdaq Futures Sink as Bond Selloff Intensifies — Live Updates
- marketwatch.com — Stock Market Today: Dow, S&P 500 and Nasdaq set to fall as oil jumps on reports of tankers hit in Hormuz; rising bond yields weigh on sentiment; ISM data and Palo Alto earnings on tap.
- AP News — Oil prices rise and stocks slide as Middle East violence flares, adding to uncertainty
- qz.com — Dow futures fall 240 points as bond yields, oil prices rise
- Investopedia — Stock Market Today: Futures Fall to Begin New Trading Month; Oil Prices, Treasury Yields Jump
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