U.S. Futures Indication: Futures Rebound as Yields Pull Back
cnbc.com Stock futures rebound after Thursday's sell-off as yields pull back Jesse Pound 3 minutes U.S. stock futures pointed to a slight rebound on Friday as yields reversed some of the gains which caused a sell-off for tech stocks in the prior session. Futures contracts for the Dow Jones Industrial Average implied an opening gain of about 41 points. Futures for the S&P 500 rose 0.2%. Futures for the tech-heavy Nasdaq 100 bounced 0.5%. The moves come after the stock market struggled on Thursday, with tech stocks being particularly hard hit . The Nasdaq Composite fell 3%, with Apple and Amazon seeing slightly larger losses. The Dow and S&P 500 slipped 0.5% and 1.5%, respectively. The 10-year Treasury yield fell 3 basis points to 1.69%, retreating from a 14-month high a day earlier (1 basis point equals 0.01%). Shares of Zoom Video and Peloton, speculative tech shares that have been hit by