Dow Jones futures and S&P 500 futures rose modestly Friday morning, while Nasdaq futures rose solidly as the 10-year Treasury yield pulled back from 52-week highs. The stock market rally had a tough session Thursday. The Dow fell modestly while the Nasdaq dived below key support, as Apple stock, Tesla
) and many other techs tumbled from resistance areas.
Soaring Treasury yields were the trigger Thursday, though a new Covid shutdown in France and plunging crude oil prices didn't help. Investors should largely steer clear of tech stocks while investing prudently in other rising sectors.