Dow futures hit three-month low as yields surge; Micron earnings lift chip stocks
Dow futures fell to a three-month low as rising Treasury yields and inflation concerns weighed on the market. However, strong earnings from Micron Technology provided support for chip stocks.
Dow futures fell to a more than three-month low on Thursday as concerns over inflation and rising government debt pushed Treasury yields to multi-decade highs. Strong results from Micron lifted chip stocks, while recent equity moves have tracked bond yields closely over the past few weeks.