Rising yields and oil spikes more U.S. markets.

Bob Iaccino covers the latest market moves as rising U.S. Treasury yields pressure stock index futures, pushing the Nasdaq, S&P, Dow, and Russell lower. He analyzes the European Central Bank's decision to hold rates steady amid growing inflation and downward growth risks. Iaccino also examines the sudden climb in WTI crude oil prices following reported attacks on oil tankers in the Middle East and the resulting supply chain disruptions. Finally, he breaks down the heavy slate of upcoming corporate earnings and critical economic data, including manufacturing PMIs and U.S. new home sales, outlining what traders need to monitor next.