S&P 500 Falls 0.7% as Futures Remain Flat Amid Bond Yield Surge

U.S. stock futures were near the flatline on Tuesday night after major averages fell for a third straight session. The Dow Jones Industrial Average dropped 116 points (0.2%) and the S&P 500 declined by 0.7%. The 30-year Treasury yield reached a new 19-year high, while other countries also reported significant increases in their bond yields. Despite rising yields, investors continue to believe in strong economic growth and earnings, which may support the stock market. This market behavior is important for ordinary investors as it reflects the ongoing impacts of government debt levels and inflation concerns.