Posted 10/23/2023, 11:12:46 AM
Stocks Tumble as Treasury Yields Top 5% and Geopolitical Tensions Weigh on Markets
- US stock futures fell sharply on Monday after the 10-year Treasury yield rose above 5%
- Dow Jones, S&P 500, and Nasdaq 100 futures all declined, extending Friday's losses
- Ongoing sell-off in bonds and worries about Middle East hostilities weighing on market
- Investors bracing for key economic data and earnings from Big Tech companies this week
- Chevron acquiring Hess for $53 billion in stock in bid to increase Guyana operations