Futures Slide After Bond Yields, Oil Prices Jump Around The Globe
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Futures are down as global bond yields rise, influenced by stalled US/Iran talks and increasing oil prices. S&P futures are down 0.5%, while Nvidia is the only rising member of the Mag 7 ahead of its earnings report. UnitedHealth shares fell 5.3% after Berkshire Hathaway exited its stake. Regeneron Pharmaceuticals dropped 10% due to disappointing trial results. The market is cautious amid geopolitical tensions and expectations of Federal Reserve rate hikes, with strategists adjusting S&P 500 targets in response to rising yields.
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