Tech Stocks Poised to Slip as Bond Yields Climb

Stock futures edged down, with technology stocks on track to lead losses, as Covid-19 shutdowns in China added to the uncertainty investors face in a period of rising interest rates.

Futures for the tech-focused Nasdaq-100 shed 0.7% Monday, after the Nasdaq Composite dropped 3.9% last week, when Federal Reserve officials signaled their intent to raise borrowing costs and shrink the central bank’s balance sheet to quell inflation.

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