Traders work at the New York Stock Exchange on Aug. 25, 2026. NYSE stock futures fell on Wednesday as bond yields continued to rise, and traders were worried about the impact of rising oil prices on inflation. Dow Jones Industrial Average futures fell 66 points, or 0.1%. S&P 500 futures lost 0.2% and Nasdaq 100 futures fell 0.6%. The benchmark 10-year US Treasury yield hit a high of 4.814% on the day, a level not seen since November 2023. Yields in the UK, Germany and France also rose. In Japan, the 10-year government yield remained around multi-decade highs. “Higher yields are proving to be the bane of the stock market,” said Thierry Wizman, global rates and foreign exchange strategist at Macquarie Group. “They force analysts to discount higher earnings more aggressively, thus forcing [price-to-earnings] West Texas Intermediate oil prices traded above $90 a barrel on Wednesday, marking their highest level since late July, when the United States launched more military strikes against Iran, raising concerns that the conflict could escalate once again. Traders are awaiting ADP private payrolls data for August on Wednesday. They will also monitor factory earnings data and the Federal Reserve’s Beige Book. Investors will also watch earnings from Hewlett Packard Enterprise, Snowflake and Broadcom come out after the bell on Wednesday. Across the Atlantic, the pan-European Stoxx 600 fell 0.49% while the continent’s main stock markets fell 0.5%. The German DAX lost 0.7%. The Nikkei 225 closed down 2.85%, while South Korea’s Kospi fell 4%. The Australian benchmark S&P/ASX 200 index fell 0.97%. Mainland China’s CSI 300 closed down 1.38%.
