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Nasdaq Futures Signal Rebound as Treasury Yields Halt Rally


Publishing date: Mar 09, 2021  •  March 9, 2021  •  1 minute read  • 
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(Bloomberg) Futures for Nasdaq 100 Index surged, signaling a rebound in tech stocks on Wall Street following Monday’s selloff, as the advance in Treasury yields came to a halt.
The March contracts were up 1.8% as of 9:00 a.m. in London. The Nasdaq 100 Index dropped 2.9% on Monday, while the Philadelphia Semiconductor Index tumbled 5.4%. Futures on the S&P 500 Index were up 0.9%, while those on the Dow Jones Industrial Average up 0.6%. Ten-year Treasury yields were down 5 basis points at 1.54%, pausing after a four-day increase.
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