“Market Mayhem to Mellow: Stocks Soar as Bond Yields Find Calm, Tech Titans Shine”

**US Stock Index Futures Edge Higher as Investors Bite Back on Inflation Risks**

In early trading on Wednesday, US stock index futures edged higher, driven by steady US Treasury yields and gains in some big tech stocks as investors sought to make up for yesterday’s sell-off on soaring inflation risks.

As a result, the S&P 500 index plunged more than 66 points, or 1.1%, yesterday as US Treasury yields moved significantly higher on stronger-than-expected jobs and activity data and a $39 billion mixed auction. This sell-off was led by the decline of large companies such as Apple and Tesla.

**Market Focus Shifts to Yields**

This week, the bond market remains the main focus on Wall Street as investors pay attention to inflation and uncertainty related to President-elect Trump’s new administration. The 10-year Treasury yield hit its highest level since April last year, reaching 4.699% yesterday after the Labor Department released stronger-than-expected job openings data for November and foreign buyers abandoned the Treasury Department’s second consecutive coupon auction.

**Atlanta Fed’s GDPNow Tracker Boosts Growth Forecast**

The Atlanta Fed’s GDPNow tracker raised its fourth-quarter growth forecast to 2.7% from 2.4%, further adding to pressure on bond prices and reducing bets on a spring interest rate cut by the Fed.

**FAQs**

Q: What were the key drivers of the market’s decline yesterday?
A: The decline of large companies such as Apple, Tesla, and Nvidia, as well as the rise in US Treasury yields on stronger-than-expected jobs and activity data.

Q: What are the key concerns for investors this week?
A: Inflation and uncertainty related to President-elect Trump’s new administration, as well as the potential impact on the bond market and the overall economy.

Q: What are the expectations for the S&P 500 index today?
A: The S&P 500 is expected to rise 21 points from last night’s close.

**Conclusion**

As investors continue to grapple with the implications of the new administration, the bond market will remain a key focus this week. The 10-year Treasury yield hit its highest level since April last year, and the Atlanta Fed’s GDPNow tracker raised its fourth-quarter growth forecast, adding to pressure on bond prices and reducing bets on a spring interest rate cut by the Fed. As the market navigates this uncertain environment, investors will be paying close attention to the bond market and the potential impact on the overall economy.