Futures Fall As Momentum Cracks Grow With Yields And Oil Higher
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US equity futures are down for a third consecutive day as traders await progress on Middle East peace talks. Higher global bond yields, particularly in Japan, have negatively impacted tech and small-cap stocks. The Nasdaq 100 futures fell 0.8%, while S&P futures dropped 0.4%. Despite the downturn, financials and staples showed resilience. Agilysys and Hyperliquid Strategies saw significant stock price increases following positive earnings reports and SEC developments. The AI/momentum rally is faltering amid rising yields and oil prices, leading to concerns about market rotation.
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