Dow Jones futures rose slightly early Thursday while S&P 500 futures fell and Nasdaq futures tumbled, as the 10-year Treasury yield moved above 1.7% for the first time since January 2020. That comes amid concerns that the Federal Reserve and other central banks will let inflation pick up too fast.
That's a reversal from Wednesday, when a dovish Fed meeting policy statement and comments from Fed chief Jerome Powell spurred a stock market rally. The Dow Jones hit a record while the Nasdaq reversed higher as Treasury yields pared sharp gains.
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