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U.S. stock futures drop amid rising bond yields
Futures contracts for the S&P 500 and NASDAQ 100 declined, influenced by rising U.S. Treasury yields and increased oil prices, which led to a drop in technology stocks, especially in the semiconductor sector. Meanwhile, the Dow Jones Industrial Average experienced a slight gain following strong results from Home Depot. Additionally, 30-year U.S. Treasury yields reached their highest levels in decades, amid a general decline in global markets, particularly in Asia and Europe, driven by concerns over inflation and rising prices.
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