Dow futures surge over 500 points as bond yields and oil prices tumble

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Dow futures surged more than 500 points, gaining 573 points or 1.10% to 52,697 points as of 7:15 p.m. Thai time, buoyed by falling oil prices and U.S. Treasury yields after the U.S. and Iran halted hostilities over the weekend. Yields on the 10-year and 30-year bonds declined, while the 2-year yield fell to 4.312%. Brent crude oil dropped below 90 dollars per barrel and WTI crude fell below 84 dollars. Investors are also watching earnings from Amazon, Apple, Meta Platforms, and Microsoft this week, as well as the Federal Reserve's monetary policy meeting. The CME Group's FedWatch Tool indicates investors see a 66.3% probability that the Fed will hold interest rates at 3.50 to 3.75% at its July 28-29 meeting.