U.S. stock futures fell to start the week, indicating that major equity indexes could decline again following last week’s big swings.
Futures for the S&P 500 and the Dow Jones Industrial Average were down 1% in late Monday morning trading in Asia, while those for the technology-focused Nasdaq-100 were 0.8% lower.
U.S. government bonds sold off again, pushing the yield on the benchmark 10-year Treasury note to 3.143% in early trading. That put it on course to settle at another fresh multiyear high. The 10-year yield has risen 1.6 percentage points since the end of 2021, leading some investors to reassess the valuations of technology and growth stocks. Bond yields rise when prices fall.
“Yields are climbing because investors think inflation is out of control,” said Peter Andersen, founder of…
