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US stocks stabilize after three-day drop
U.S. stock futures steadied after experiencing a decline for three consecutive sessions, driven by rising bond yields and oil prices. Investors’ concerns grew over the escalation of the U.S.-Iran conflict, with West Texas Intermediate crude surpassing $90 per barrel. Additionally, the yield on the 10-year U.S. Treasury bond reached its highest level since early 2025, signaling a global bond sell-off and exerting pressure on the stock market. Currently, the market is closely watching employment data and corporate earnings results amid fears of a potential repeat of a global financial crisis.
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