U.S. stock futures sank lower to start the week, extending a sell-off that began Friday after a hawkish speech by Fed Chair Jerome Powell at the central bank’s gathering in Jackson Hole.
Futures tied to the S&P 500 tumbled 0.9%, and futures on the Dow Jones Industrial Average fell by roughly the same margin, or 290 points. Contracts on the tech-heavy Nasdaq Composite shed 1.2%.
Meanwhile in the bond market, the benchmark 10-year Treasury note surged above 3%, and the 2-year Treasury yield…
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