Dow futures slide to over three-month low as Treasury yields hit 2002 highs; Micron lifts chip stocks
AI Market Summary
Equity futures softened as Treasury yields surged to multidecade highs, reflecting persistent inflation and rising debt-supply concerns that tighten financial conditions and pressure risk assets. Despite support from Micron's strong outlook and ongoing AI enthusiasm lifting semiconductors and Alphabet, higher rates drove Dow and S&P futures lower while volatility rose. Near-term focus shifts to Fed speakers and incoming jobless claims and ISM data for policy-path clarity.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT+0.23%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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U.S. Treasury yields surged to their highest levels since 2002, with the 10-year and 30-year reaching 5.32% and 5.66%, pushing Dow futures to a three-month low. Micron Technology’s results beat expectations and helped lift semiconductor shares, with Lam Research, Applied Materials and Nvidia among the gainers. Alphabet rose 2.3% after unveiling its Gemini 4 flagship AI model, while Nasdaq 100 futures edged higher.
