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S&P 500 Futures Edge Lower as Rising Yields and Energy Jitters Weigh
US stock futures are pointing slightly lower as investors weigh higher bond yields and firm energy prices against softer jobs data. The US 10-year Treasury yield is trading near a two-month high around 4.63%, keeping borrowing costs elevated, while a surprise US crude inventory build of 2.6 million barrels and emergency reserves at a 43-year low keep energy costs in focus. ADP private hiring continues to slow, raising questions about whether rate-sensitive sectors like banks and real estate or economically sensitive areas like consumer and small-cap stocks should be the priority for portfolio risk. Among top movers, Westinghouse Air Brake Technologies jumped 10.04% after Q2 results and a higher BofA price target, Dell Technologies surged 9.32%, and EQT gained 8.45% after analysts raised price targets following Q2 performance and cash flow metrics. On the losing side, Boxabl declined 23.85%, Innio declined 9.66%, and GE Vernova declined 8.69% following a share buyback tranche update filing. Earnings from Intel, Honeywell International, Blackstone, and NextEra Energy are on the radar, with Intel reporting Q2 results after the market close on Thursday.