Nasdaq-100 Futures Rise 0.6% as Oil Stays Above $103 and Yields Pressure Stocks

10 articles · Updated · CNBC · May 18

Nasdaq-100 futures climbed 0.6% early Monday, outpacing a 0.2% gain in S&P 500 futures and a 31-point rise in Dow futures after Friday’s bond-driven selloff.
WTI crude held above $103 a barrel and Brent above $107 as traders tracked the unresolved U.S.-Iran conflict, with Trump warning Tehran to “get moving” or there “won’t be anything left.”
Bond markets remained the main brake on risk appetite: the U.S. 30-year Treasury yield hit its highest level in about a year, while U.K. and Japanese long-dated yields also surged.
That rate backdrop has hit tech hardest—after helping drive fresh records last week, the Nasdaq-100 fell 1.5% Friday, its worst one-day drop since March 27.
New inflation data has further dimmed hopes for near-term Fed cuts, reinforcing a higher-for-longer rates view even as the S&P 500 and Nasdaq sit near record highs and the Dow briefly topped 50,000 last week.

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