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US Futures Continue Sell-Off Amid Rising Bond Yields


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US stock futures were down on Thursday as the continuing surge in treasury yields rattled investor confidence.

Oil prices nudged lower with global benchmark Brent Crude down 1.9% and US crude West Texas Intermediate down 1.69% recently after industry data showed a more-than-expected build in US crude stockpiles.

At 8:30 am, data are expected to show a steady gain of 0.2% in consumer prices for September versus the prior month. New unemployment claims are expected to come in at 207,000, unchanged from the prior week, according to data compiled by Econoday.

In equities, shares of Tesla ( TSLA ) were 1.7% lower pre-bell after CEO Elon Musk said that James Murdoch is not a top choice for the chairman role.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: TSLA



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