U.S. stocks set up for selloff; Dow futures down 140 pts

U.S. stock futures fell on Monday, pointing to a fresh bout of selling for Wall Street. Dow Jones Industrial Average futures fell 141 points, or 0.6% to, 25,290, while S&P 500 futures dropped 9 points, or 0.3%, to 2,747.75. Nasdaq-100 futures dipped 11.75 points to 6,742.50. Rising bond yields looked set to continue haunting investors, with the yield on the 10-year U.S. Treasury note pushing up to 2.861% on Monday, and global equities under pressure. On Friday, the yield rose to a four-year high above 2.83% after January jobs data revealed wage growth expanded at the fastest rate clip in more than eight years. That led to sharp losses for U.S. stocks — the S&P 500 index suffered its biggest one-day drop since September 2016. Futures indicated European stocks will open lower, while Asian markets had a mostly downbeat day, with the Nikkei 225 index dropping 2.5%.

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From:: Stock Market News

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