Posted 10/4/2023, 9:11:00 AM
Stocks Set to Open Lower as Bond Yields Surge, Jobs Data Awaits as Leadership Crisis Hits Congress
- Futures point mostly lower as Treasury yields surge, weighing on stocks after weak session on Wall Street
- Jump in U.S. bond yields rocks global markets, lifts dollar and pressures currencies like euro and yen
- Attention turns to upcoming U.S. jobs data, starting with ADP payrolls Wednesday ahead of nonfarm payrolls Friday
- Kevin McCarthy voted out as Speaker of the House, leaving Republicans leaderless as funding deadline nears
- Oil prices drift lower as surging dollar threatens to sap crude demand