Stock Futures, Oil Drop After Rally

US stock futures fell, oil prices dropped and bond yields ticked lower after major indices rallied to start the trading week, with recent volatility in markets showing few signs of abating.

Futures for the S&P 500 declined 1.4% Wednesday. Contracts for the tech-focused Nasdaq-100 contracted 1.6% and futures for the Dow Jones Industrial Average receded 1.2%. US stocks rallied Tuesday off their worst week since March 2020, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling.

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