Dow sinks 703 points
Digest more
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday as the stock markets rebounds after a bonds selloff.
Major U.S. stock indexes slumped on Thursday, a day after they snapped three-session losing streaks, as Walmart shares tumbled. Meanwhile, bitcoin, oil prices, and Treasury yields rose. The blue-chip Dow Jones Industrial Average,
The Treasury Department said it will more than double repurchases of 10-, 20- and 30-year debt over the next few months.
Concerns over elevated oil prices stemming from the Iran conflict and increasing government debt battered bond markets this week, sending the US 30-year Treasury yield to a near-two-decade high.
US stocks opened lower as Treasury yields rebounded despite Bessent's expanded $4B buyback operations, with the 30-year yield near 19-year highs
The Treasury Department said it will more than double the size of its debt buybacks, sending Treasury yields lower.
The Dow Jones ​Industrial Average rose 119.94 points, or 0.22%, to 53,463.34, the S&P 500 gained 28.48 points, or 0.37%, to 7,720.24 and the Nasdaq Composite was up 67.17 points, or 0.26%, to 26,356.89.
The Dow Jones Industrial Average fell more than 1%, while the S&P 500 and Nasdaq Composite also declined. The Dow Jones Industrial Average dropped 681.62 points, or 1.27%, to 52,781.43. The S&P 500 fell 0.85% to 7,642.69, while the Nasdaq Composite declined 1% to 26,067.81.
Dow futures slip, the S&P 500 is flat, and Nasdaq rises in premarket trading as the stock market bond rally falters.