Dow futures rise 200 points as Treasury yields retreat

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US stock market futures rose Sunday night as Treasury yields continued to retreat from last week’s highs.

Dow Jones Industrial Average futures YM00,
+ 0.78%
were up more than 200 points, or 0.7%, while S&P 500 ES00 futures,
+ 0.89%
and Nasdaq-100 NQ00 futures,
+ 1.16%
gained almost 1%. Meanwhile, the 10-year Treasury bill is earning TMUBMUSD10Y,
1.404%
dipped to 1.386%. Bond prices move inversely with yields.

The yield on the 10-year note rocked stock investors on Thursday when it surpassed 1.50%, then slipped to 1.459% on Friday.

Read: As rising Treasury yields scare stock investors, March looms like a lion

Also: Current bond market liquidation is worse than ‘taper tantrum’ in key way, analyst says

For the week, the Dow DJIA,
-1.50%
lost 1.8%, the S&P 500 SPX,
-0.48%
fell 2.5%, and the Nasdaq Composite COMP,
+ 0.56%
slipped 4.9%. This marked the biggest drop in the Nasdaq since the week ended October 30, according to FactSet data. February was a winning month for equities nonetheless, with the Dow rising 3.2%, the S&P 500 up 2.6% and the Nasdaq up 0.9%.

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