Finance

Stock futures are flat after Dow slips from record levels

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U.S. stock futures were flat in overnight trading on Tuesday after the Dow Jones Industrial Average slipped from its record level amid fears about rising interest rates.

Dow futures rose 30 points. S&P 500 and Nasdaq 100 futures rose 0.15% and 0.16%, respectively.

The major averages were pressured Tuesday by rising interest rates, as the U.S. 10-year Treasury yield notched a 14-month high of 1.77%. Bond yields have been on the rise this year amid a strong Covid-19 vaccine rollout and expectations of a broad economic recover.

The Dow Jones Industrial Average lost more than 100 points, falling from a record high reached on Monday. The S&P 500 fell about 0.3%.

The Nasdaq Composite dipped about…



Source cnbc.com

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