S&P 500 in line to finish a soft February on a sour note as bond yields rise on concerns inflation remains stubbornly high
U.S. stock futures slipped back Tuesday as further signs of stubborn inflation forced up bond yields.
How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 72 points, or 0.22%, to 32889, the S&P 500 SPX increased 12 points, or 0.31%, to 3982, and the Nasdaq Composite COMP gained 72 points, or 0.63%, to 11467.What’s driving markets More evidence that high inflation is proving sticky in developed economies was forcing bond yields higher and pressuring stocks.
This follows last Friday’s U.S. PCE reading, which also pointed to inflation proving more stubborn than hoped.
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