Stock Market Today: Tech Futures Sink As Treasury Yields Jump; Nvidia, Micron, Sandisk All Tumble (Live Coverage)
U.S. equity futures fell as rising Treasury yields pressured growth stocks and the broader market. Nasdaq-100 futures dropped 1.2% and S&P 500 futures fell 0.5% before the open, with the 10-year yield at 4.74% and the 30-year yield at 5.2%, the highest since June 2007. Nvidia led semiconductor weakness, while Micron and Sandisk also sold off on the back of higher-rate concerns. The article also notes mixed earnings action: Home Depot rose after beating fiscal Q2 expectations and reaffirming full-year guidance, while Baidu and Fabrinet fell sharply on earnings-related pressure. Overall, the market tone was risk-off, with technology and memory-chip names under the most pressure.