Dow Jones Futures Plummet Amid Rising Oil Prices and Bond Yields

Dow Jones Futures are under pressure as surging yields and rising oil prices weigh on stocks ahead of a potential Federal Reserve rate hike. Apple is leading new buys among top stocks.

The Dow Jones futures were down 0.5% in pre-market trading, with the S&P 500 futures also falling by 0.4%. This comes as bond yields have surged to near 2-year highs, putting pressure on equities. The yield on the 10-year Treasury note has risen to 1.78%, while oil prices have reached $100 per barrel.

Investors are bracing for a potential interest rate hike by the Federal Reserve, which could further exacerbate market volatility. Apple is among the top stocks seeing new buying activity, with its shares down 0.2% in pre-market trading.