U.S. equity futures were little-changed in early Friday trading, while Treasury yields steadied and the dollar edged higher as investors around the world braced for a crucial September jobs report.
Surging Treasury bond yields, which have added around 55 basis points to benchmark 10-year notes over the past five weeks, have in turn rattled global markets and pushed the S&P 500 into its longest weekly losing streak since May of 2022. In other markets, global oils prices were flat in the overnight session, but largely on pace for another weekly decline and their longest losing streak since March following a the Energy Department's report of a surprise build-up in gasoline stocks earlier this week.
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Stock Market Today: Treasury yields extend spike with stocks at 4-month lowsWith Treasury yields rising, and market volatility gauges surging, stocks are set for another rough ride Wednesday with ADP jobs data in focus.
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