Stock-Index Futures Drop as Bond Yields, Oil Prices Rise

U.S. stock-index futures fell early as investors reacted to higher bond yields and a jump in oil prices. Contracts linked to the Nasdaq 100 dropped 0.7% around 2:48 a.m. New York time, while futures on the S&P 500 declined 0.4%. The move reflected a pullback from growth-oriented stocks, tied to concerns about yields rising further along the maturity curve. The broader market sensitivity suggests investors are adjusting risk positions as the interest-rate backdrop worsens and energy costs climb.