Stock Futures Rebound as Cryptocurrency-Related Stocks Climb

Stock futures are pointing higher today after Thursday's sell-off, while Treasury yields remain steady. Bitcoin and cryptocurrency-related stocks continue to climb, with major indexes on track to post losses for the week.

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all fell yesterday as bond yields rose. However, stock futures are now up 0.6% for the Dow and 0.4% for the S&P 500, with cryptocurrency-related stocks leading the charge.

Bitcoin has rallied to its highest level in three months, trading just under $77,000 recently. This marks a third straight day of gains for the cryptocurrency, which has risen about 20% this week following positive comments from President Donald Trump and small regulatory wins.

Ross Stores stock is also surging after a strong earnings report, with shares up 8% in premarket trading. The off-price retailer reported second-quarter EPS of $2.66 on a 13% year-over-year rise in sales to $6.26 billion, ahead of analysts' projections.