Original title: Stocks Fall as Rising Bond Yields Worry Investors: Markets Wrap
Wall Street returned from a long weekend to renewed unease over frothy technology stocks and stretched government budgets. Global bonds staged a broad retreat and gold briefly touched an all-time high. Futures for the S&P 500 fell 0.7%, building on the tech-driven selloff that closed out last week. Nvidia Corp. led premarket losses among the Magnificent Seven , falling 1.5%. The Nasdaq 100 dropped 0.9%. The dollar posted its biggest gain since July, putting it on course for a first advance in six days.