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Feb. 24, 2021, 9:36 a.m. EST

Stock-index futures skid south Wednesday morning as 10-year Treasury breaches 1.4%

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By Mark DeCambre

U.S. stock-index futures turned south as bond yields Tuesday morning took a leg higher, weighing on interest-rate sensitive assets. The move for bond yields, with the 10-year Treasury note breaching a rate at 1.4%, came as investors appeared to digest a report from the Food and Drug Administration, which said that Johnson & Johnson's /zigman2/quotes/201724570/composite JNJ +1.05% single-dose COVID-19 vaccine candidate has no unexpected safety concerns, in a step that moves the experimental vaccine one step closer to emergency authorization. Futures for the Dow Jones Industrial Average /zigman2/quotes/210407078/delayed YM00 -0.09% declined 0.3% to 31,422, the S&P 500 index futures /zigman2/quotes/209948968/delayed ES00 -0.25% fell 0.3% at 3,867, while Nasdaq-100 futures declined 0.8% to 13,085, with the technology-laden index the most sensitive to yield moves. On Tuesday, the Dow /zigman2/quotes/210598065/realtime DJIA -0.10% , the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.04% and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -2.55% stagewd a dramatic turnaround on the heels of comments from Federal Reserve Chairman Jerome Powell, who said accommodative policy would be in place for the foreseeable future.

/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 170.27
+1.77 +1.05%
Volume: 8.36M
May 10, 2021 4:00p
P/E Ratio
30.07
Dividend Yield
2.49%
Market Cap
$443.73 billion
Rev. per Employee
$613,918
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 34,637.00
-31.00 -0.09%
Volume: 8,363
May 10, 2021 7:46p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,172.75
-10.65 -0.25%
Volume: 37,628
May 10, 2021 7:46p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,742.82
-34.94 -0.10%
Volume: 370.04M
May 10, 2021 5:40p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,188.43
-44.17 -1.04%
Volume: 2.32B
May 10, 2021 5:40p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,401.86
-350.38 -2.55%
Volume: 4.37M
May 10, 2021 5:16p
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