Stock Futures Lower Again, Weighed by Weakness in Tech Stocks
Stock futures are lower again this morning, led by weakness in semiconductors and high-growth technology names. Although Treasury yields eased slightly overnight after last week's sharp surge, the 10-year yield is still hovering around 4.6% and the 30-year remains above 5%, levels that are forcing investors to reconsider equity valuations after months of relentless gains.Oil prices pulled back modestly after President Trump delayed a potential military strike on Iran amid renewed diplomatic discussions. Even with the retreat, Brent crude remains near $110 per barrel, keeping pressure on inflation expectations and consumer sentiment. Investors continue watching the Strait of Hormuz situation closely because any meaningful disruption there could rapidly tighten global energy supplies further.In pre-market trading, S&P 500 futures fell 0.31%, Nasdaq futures fell 0.59% and Dow futures fell 0.16%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Shake Shackup 2% after disclosing that its CEO Robert Lynch and director Daniel Meyer bought shares of common stock on May 15Blackstoneand Googleboth up 1% after the companies announced a joint venture to create a new U.S.-based company that will offer data center capacity, operations, networking, and Google Cloud's tensor processing units as a compute-as-a-service offeringUP AFTER EARNINGS -Amer Sportsup 5%Eagle Materialsup 4%KE Holdingsup 2%DOWN AFTER EARNINGS -Radcomdown 8%Bilibilidown 4%Home Depotdown 1%
