5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

1. Stock futures jump as investors process key inflation report Tuesday morning as Wall Street . A day earlier, all three major U.S. equity indexes pulled back as the yield on the 10-year Treasury note touched a three-year high and intensified concerns about an economic slowdown. The on Monday declined 413 points, or 1.19%, while the slid 1.69%. The — home to many growth stocks that are more sensitive to higher interest rates — dropped 2.18%. The tech-heavy Nasdaq is down about 5.7% month to date. The S&P 500 has dropped 2.6%, while the blue chip Dow has fallen roughly 1.1%. 2. 10-year Treasury yield reaches its highest level since December 2018 The 10-year U.S. Treasury yield traded at its highest point since December 2018 on Tuesday morning, reaching 2.82% before retreating somewhat to 2.798%. The yield fell further to 2.73% after the Labor Department released the March consumer price index report at 8:30 a.m. ET. Treasury yields, which move inversely to prices, have climbed rapidly in recent weeks. As recently as March 7, the 10-year U.S. Treasury yield was below 1.7%. However, yields have surged as the bond market braces for more aggressive policy tightening from the Federal Reserve.