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Dow futures plunge 300 points: 5 things to know before market opens
US equity futures retreated sharply on Friday after bond yields climbed to their highest level since early June 2025, driven by mounting evidence that the Iran war is beginning to inflict lasting economic damage. The 10-year Treasury yield rose to 4.54% as investors priced in tighter monetary policy, while oil prices surged on fears that the closure of the Strait of Hormuz would constrain global crude supply.
US equity futures retreated sharply on Friday after bond yields climbed to their highest level since early June 2025, driven by mounting evidence that the Iran war is beginning to inflict lasting economic damage. The 10-year Treasury yield rose to 4.54% as investors priced in tighter monetary policy, while oil prices surged on fears that the closure of the Strait of Hormuz would constrain global crude supply.