US Futures Market Indicatiom | Monday, April11, 2022
Source: cnbc.com Stock futures fall as rates rise to start the week Sarah Min, Jesse Pound 3 minutes Stock futures were lower early Monday morning as Wall Street looks to shake off a losing week. Futures tied to the S&P 500 dipped 0.7%, and Nasdaq 100 futures slid 1.2%. Dow Jones Industrial Average futures dropped 130 points, or 0.4%. Those moves came as U.S. Treasury yields hit a new 3-year high overnight. On Sunday evening, the 10-year Treasury yield hit 2.7741%, and topped 2.76% Monday morning to start the week. Yields move inversely to prices and 1 basis point is equal to 0.01%. Twitter's stock price fell in premarket trading Monday after CEO Parag Agrawal revealed that Elon Musk abandoned his plan to join the company's board. Shares for the social media company dropped more than 8% before recovering some losses. At 7:56 a.m. ET, shares were down 2.4%. Wall Street is coming off a negative we