S&P 500, Dow and Nasdaq Futures Edge Higher as Treasury Yields Keep Markets on Edge

TLDR

• US stock futures rose slightly Friday after Wall Street’s steepest drop in three weeks
• The 10-year Treasury yield climbed to 4.70% and the 30-year hit 5.25%, pressuring tech stocks
• Walmart shares fell 9.2% after weak sales and a warning about consumer spending
• Brent crude stayed above $93 a barrel, keeping inflation concerns alive
• Investors are watching Jackson Hole next week and Nvidia earnings for direction

US stock futures edged higher on Friday after a rough Thursday session that saw the Dow Jones Industrial Average, S&P 500, and Nasdaq all close in the red.

Futures on the Dow and S&P 500 rose about 0.2%, while Nasdaq-100 contracts gained around 0.4%.

Thursday’s session was Wall Street’s worst in three weeks. The Dow dropped 1.3%, the S&P 500 lost 0.9%, and the Nasdaq fell 1%.

Treasury Yields Stay Elevated

The main pressure point continues to be Treasury yields. The 10-year yield climbed to around 4.70%, and the 30-year reached 5.25%.

BREAKING: US Treasury Secretary Bessent says Treasury buybacks announced yesterday could now MORE than double, exceeding $4 billion per operation.

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