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Stock market today: US futures sink as rising Treasury yields rattle nerves

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Treasury Yields News

Dow Futures,Bond Yields,Interest Rates

A spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.

Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates. Futures on the Dow Jones Industrial Average and the S&P 500 both fell 0.6%, coming off a lackluster session. Contracts on the Nasdaq 100 dropped roughly 0.7%.

Those concerns appeared to be eclipsing the hopes for AI growth that lifted the Nasdaq to a record in the slipstream of Nvidia's post-earnings rally. The yield on five-year Treasurys on Tuesday rose to near four-week highs, while the 10-year yield topped the key 4.5% level. On Wednesday, the benchmark yield inched up further to trade around 4.56%.

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