Stock futures are trending lower after the S&P 500 pulled back from its recent record high. Wall Street also concluded trading sessions lower, moving away from previous record levels.
The market downturn coincides with a significant rise in Treasury yields. The 10-year Treasury yield has reached its highest point since 2002, contributing to broader market concerns.
Asian markets are also anticipated to experience declines, as rising oil prices fuel inflation worries among investors. This is a developing story and will be updated as details emerge.
