US Futures Steady After Sharp Market Selloff
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US stock futures remained stable after a significant selloff, with major indexes experiencing declines due to concerns over the growing federal deficit. The Dow fell 1.91%, S&P 500 dropped 1.61%, and Nasdaq Composite decreased 1.41%. Investor anxiety was fueled by rising Treasury yields and a proposed federal budget facing opposition from some Republicans. Investors are looking forward to the weekly jobless claims report. In corporate news, Lumen Technologies shares rose 11% after AT&T's acquisition announcement, while Snowflake and Urban Outfitters saw gains from strong quarterly results.
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