Stock futures were little changed after a sharp sell-off tied to rising Treasury yields, which sent the Dow down 700 points in its worst session since late July.
Key facts
- Stock futures were little changed following the sell-off, according to CNBC.
- The Dow ended Thursday's session down 700 points.
- It marked the Dow's worst day since July 29.
- The decline was sparked by a move back higher in Treasury yields.
U.S. stock futures were little changed overnight after a steep sell-off in the prior session, according to CNBC. The pullback was sparked by a move back higher in Treasury yields, the outlet reported.
The Dow Jones Industrial Average bore the brunt of the decline, ending Thursday’s session down 700 points. That drop marked the index’s worst day since July 29, according to CNBC.
The renewed rise in Treasury yields was cited as the trigger for the sell-off. Higher yields can weigh on stocks by increasing borrowing costs and making fixed-income investments comparatively more attractive to investors.
With futures holding roughly flat after the close, the market appeared to steady following the sharp move lower. CNBC characterized the futures as little changed in its live coverage of the session.
Why it matters
Sharp swings in the stock market and Treasury yields affect retirement accounts, borrowing costs and broader economic confidence. A 700-point drop in the Dow, its worst since late July, signals renewed investor sensitivity to moves in interest rates.
Frequently asked questions
How much did the Dow fall?
The Dow ended Thursday's session down 700 points, according to CNBC.
What caused the sell-off?
CNBC reported the steep sell-off was sparked by a move back higher in Treasury yields.
How did stock futures react afterward?
Stock futures were little changed following the sell-off, according to CNBC's live coverage.