Dow futures slump as yields soar; major tech earnings in focus

Investing.com -- U.S. stock futures weakened Monday, weighed by soaring bond yields and as investors warily awaited the release of quarterly earnings from a number of the major tech giants.However, yields have shot up once more Monday, with the 10-yield reaching 5.025%, as investors have become very wary about the potential for rates staying high for longer, particularly after Fed Chair Jerome Powell mentioned the possibility of more monetary tightening in a speech last week.

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