Stock futures were little changed Monday night as traders attempted to recover from a session in which equities fell once again due to pressure from rising Treasury yields. The Dow Jones Industrial Average lost more than 300 points, while the S&P 500 and Nasdaq Composite fell 0.8% and 0.9% respectively. The benchmark 10-year Treasury note yield ended above 5.2%, near levels not seen since 2007, while the 30-year topped 5.56%, trading around a 2004 high. Investors are awaiting Tuesday’s September consumer confidence reading and August jobs openings data, which could sway Treasury yields. Chipmaker AMD announced the acquisition of AI firm World Labs for $8.2 billion, with its shares little changed after hours.
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