Futures Rise as August Begins, Treasury Yields Surge to Highest Levels in Years

Futures trading is higher as August begins and the new week starts.

The Dow Jones Industrial Average closed at 52,485, up 0.53%, marking its fourth consecutive winning month, despite a massive 1,100-point drop on Wednesday.

The Nasdaq ended July strong, closing at 25,373, up 1%, while the S&P 500 finished at 7,489, up 0.70%.

The Russell 2000 was the only index to close lower for the week, down 0.50%, but it remains the leading index year-to-date, with a 17.7% gain.

In other market news, Treasury bond yields reached their highest levels in years on Friday, driven by inflation worries and high energy prices.

The 30-year Treasury closed at 5.27%, its highest since July 2007, while the 10-year note finished at 4.72%, a level not seen since January 2025.

Cryptocurrency trading was also lower on Friday, pressured by falling asset prices and heavy liquidations, with Coinbase Global shares plummeting as much as 15% after reporting a Q2 net loss of $359.5 million.