Wall Street slips as Treasury yields hit 2007 highs

Stock futures were little changed Monday night after a losing session, with equities pressured by rising Treasury yields that pushed the 10-year note above 5.2%, a level unseen since 2007. The Dow fell over 300 points in regular trading, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9%, respectively, as investors worried persistent inflation could prompt Federal Reserve rate hikes. The 30-year yield also hit a 2004 high. Fresh data on U.S. consumer confidence and job openings is due Tuesday, potentially swaying yields. Separately, chipmaker AMD announced an $8.2 billion acquisition of AI firm World Labs, with shares little changed after hours.