Nasdaq Futures Slump 1.2% as Global Bond Rout Deepens, Rate-Hike Odds Jump
IXIC sits 27% above its 52-week low of $20,690.249.
Summary
Nasdaq futures are down 1.2% in Tuesday's session as a global bond selloff intensifies, with the 10-year U.S. Treasury yield hitting 4.797%, its highest since January 2025. Markets now price a 65.4% chance of a Fed rate hike in September, up sharply after hawkish comments from Chairman Warsh at Jackson Hole and fresh U.S.-Iran strikes that pushed Brent crude above $92. The yield surge is global: Japan's 10-year crossed 3% for the first time since 1996, and UK 30-year gilts hit their highest since 1998. This follows Monday's broad stock decline on the same geopolitical and rate concerns, but today's moves are larger and include new yield milestones. Tech and chip stocks are leading the futures weakness, with Palo Alto Networks and Dell earnings due after the close. US stock indexes opened lower as high yields and oil prices dented sentiment.
At the time of this announcement, IXIC was trading at $26,370.89 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,190.21. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.