US futures climb amid bond sell-off
U.S. stock futures rose today, Friday, following a sharp sell-off driven by rising Treasury yields. The Dow Jones Industrial Average increased by about 265 points, or 0.5%; the S&P 500 gained 0.5%; and the Nasdaq 100 advanced by 0.7%. The bond sales, especially in long-term bonds, raised concerns about rising inflation due to rising oil prices. This led to a second consecutive week of declines in Wall Street indices, with the S&P 500 down 1.9%, the Nasdaq 2.5%, and the Dow 1.8%. In Europe, performance indicators were mixed, reflecting ongoing tensions in global markets.
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