NASDAQ 100 futures decline as treasury yields soared

NASDAQ 100 futures decline as treasury yields soared

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Stock futures dipped on Tuesday, with the Nasdaq-100 futures down 1% as US Treasury yields rose across the board. Futures on the S&P 500 were down 0.5 percent, while Dow industrials futures were down slightly. 

The losses came as the 10-year Treasury yield increased by 5 basis points to 1.83 percent, while the yield on the two-year note increased by 9 basis points to 1.04 percent. Inflationary pressures are causing investors to consider the possibility of Federal Reserve tightening. On Tuesday, oil prices were also climbing.

Yemen’s Houthi rebels, supported by Iran, attacked a vital oil plant in Abu Dhabi on Monday, killing three people and setting fire to the country’s international airport. As a result, crude oil prices in the United States increased by more than 2% to $85.73 per barrel.

Stocks in Japan fell after the close on Tuesday, owing to losses in the Paper & Pulp, Railway & Bus, and Real Estate sectors.

The Nikkei 225 index lost 0.27 percent at the Tokyo closing. Chiyoda Corp’s strongest performance on the Nikkei 225 during the day, rising 2.98 percent or 11.0 points to close at 380.0. Kobe Steel, Ltd. was the session’s worst performer, falling 6.80 percent or 42.0 points to close at 576.0.

The Nikkei Volatility Index, which gauges the implied volatility of Nikkei 225 options, remained constant at 21.26, down 0 percent. However, in commodities dealing, it’s a different issue.

The February Gold Futures contract dropped 2.35 percent to $1814.15 per troy ounce. The US Dollar Index Futures were trading at 95.323, up 0.17 percent. The USD/JPY exchange rate increased by 0.30 percent to 114.94, while the EUR/JPY exchange rate increased by 0.24 percent to 131.03.

After the close on Tuesday, stocks in Australia fell due to losses in the Healthcare, Utilities, and Industrials sectors. The S&P/ASX 200 index lost 0.11 percent at the Sydney closing.


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