Original title: US Tech Extends Selloff as Global Bond Yields Rise: Markets Wrap
Wall Street returned from a long weekend to renewed anxiety over frothy technology stocks and stretched government budgets. Global bonds staged a broad retreat and gold briefly touched an all-time high. Nasdaq 100 futures dropped 1.3%, deepening the tech-driven selloff that closed out last week. Nvidia Corp. led premarket losses among the Magnificent Seven , retreating 2.4%. S&P 500 contracts fell 1%. The dollar posted its biggest gain since July, putting it on course for a first advance in six days.