US stock market futures rose Sunday evening as government bond yields continued to retreat from their highs last week.
Dow Jones Industrial Average Futures
rose more than 200 points, or 0.7%, while S&P 500 futures
and Nasdaq 100 futures
gained almost 1%. Meanwhile, the 10-year Treasury note is yield
decreased to 1.386%. Bond prices move inversely to yields.
The 10-year note yield rocked stock market investors on Thursday as it surged above 1.50% and slipped to 1.459% on Friday.
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For the week of the Dow
lost 1.8%, the S&P 500
fell 2.5% and the Nasdaq Composite
slipped 4.9%. This was the largest drop in the Nasdaq since the week ended October 30, according to FactSet data. February was still a profit month for stocks, however, with the Dow up 3.2%, the S&P 500 up 2.6% and the Nasdaq up 0.9%.