Nasdaq Futures Drop Over 1% Amid Surging Bond Yields
Wall Street futures decline ahead of the opening bell as rising Treasury yields pressure tech stocks and deepen the semiconductor selloff.
Nasdaq futures fell between 1% and 1.2% ahead of what points to a negative opening on Wall Street, according to reports by Traders Union and NDTV Profit.
The decline is driven by a surge in U.S. Treasury yields. According to Barchart.com, rising yields deepened the selloff across semiconductor stocks, while investors also kept a close eye on an upcoming summit between U.S. President Donald Trump and Chinese leader Xi Jinping.
Sources: Barchart.com, Traders Union, NDTV Profit
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