Stock Market Today: Dow Futures Tick Up; Bond Selloff Extends; Oil Ticks Higher — Live Updates

Treasury yields are advancing further today, reflecting worries about rising inflation and the Fed’s willingness to combat it after officials held interest rates unchanged for a seventh month.

Investors dumped 30-year Treasury bonds yesterday and the moves continue today, pushing yields to 5.23%, its highest level since around 2007. Shorter-dated bond yields also rose.

U.S. stock futures are drifting higher after yesterday’s punishing session. Oil prices are flitting between small gains and losses after the U.S. launched retaliatory strikes against Iran. Brent crude trades roughly $15 higher than before the war started.

Shares in Meta are sliding in premarket trading while Microsoft stock is rallying, after the two Big Tech companies gave updates on how they’re monetizing their massive AI outlays. Investors will get insights on that from two more hyperscalers when Amazon and Apple report earnings this afternoon.