Traders on the floor of the New York Stock Exchange, Aug. 4, 2022.
Stock futures were flat in overnight trading Thursday as the market is poised to end the week with steep losses.
S&P 500 futures and Nasdaq 100 futures were also flat.
The benchmark 10-year Treasury yield popped 15 basis point to hit a high of 4.498%, its highest level since 2007.
Investors also became concerned about a government shutdown, which could dent consumer confidence and slow down the economy further.
Persons:
Bond, George Goncalves
Organizations:
New York Stock Exchange, Stock, Dow Jones, Nasdaq, Federal Reserve, Dow, Treasury, House Republican