US stock futures point to sharp declines

  • Tesla leads the way lower in the Nasdaq
Spoos
Spoos

S&P 500 futures are down 0.85% and Nasdaq futures down 1.1% ahead of the open.

Eyes are on the 7% decline in Tesla shares after badly missing estimates but Nvidia is also down 2%. Another big problem is bonds, where Treasury yields are up 6.2 bps to the highs of the year at 4.39%.

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