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US futures climb following bond-driven sale
U.S. stock index futures rose on Friday following a sharp sell-off caused by rising Treasury bond yields. The Dow Jones Industrial Average increased by about 265 points (0.5%), the S&P 500 rose by 0.5%, and the Nasdaq 100 gained 0.7%. These gains came after Wall Street's indices declined on Thursday, mainly due to pressure on long-term bonds stemming from concerns over rising inflation amid higher oil prices. Over the week, U.S. stock indices recorded losses of up to 1.9% for the S&P 500 and 2.5% for the Nasdaq, with the dollar and government financing suffering from the rising yields. Meanwhile, international markets are also impacted by these trends.
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