US stock futures slipped lower ahead of the session, Nasdaq 100 easing 1.2% while S&P 500 dipped 0.5% and Dow fell just 0.1%. 🖤
This pullback followed the 10-year Treasury yield lifting to 4.74% and the 30-year hitting 5.2%, its peak since June 2007. 🌑
Higher Yields Weigh on Growth Names 🌙
Bond yields jumped hardest at growth and tech names. Nvidia eased around 2% in premarket while Micron slipped nearly 4%. 🕷️
Yesterday already saw softness as the Dow lost 272 points and both S&P 500 and Nasdaq closed in the red. Oil pressure added fuel with WTI crude near $84.5 per barrel. 🦇
Home Depot stood out, rising about 1.5% after beating fiscal second-quarter estimates and keeping its full-year view intact. 💀
Crypto Holds Steady Amid Equity Wobble 🕸️
Crypto stayed steadier across the last day. Total market cap sits near $2.28 trillion, up roughly 0.5%. 🦴
Bitcoin lingers above $64K, adding about 1% even while equities feel the squeeze and yields climb. This hints the space absorbed macro stress more cleanly than usual, where risk assets usually drag cryptos harder. 🌹
Just another echo from the void by iconofsin.eth 💖
