Dow futures rise after index tops 50,000 for the first time while landslide election in Japan sends U.S. bond yields higher

Wall Street is eyeing another record session as U.S. stock futures pointed higher on Sunday, while the bond market digested the results of Japan’s snap election over the weekend.

Futures tied to the Dow Jones industrial average rose 100 points, or 0.20%. S&P 500 futures were up 0.35%, and Nasdaq futures jumped 0.64%. 

That’s after the Dow soared by 1,200 points on Friday to top 50,000 for the first time as chipmakers and airlines fueled a ferocious stock market rebound off a deep selloff.

The yield on the 10-year Treasury rose 1.8 basis points to 4.224% as Japanese yields climbed by 4 basis points to 2.274%. The U.S. dollar was down 0.24% against the yen after initially gaining.

On Sunday, Japanese Prime Minister Sanae Takaichi’s party won a two-thirds supermajority in the lower house ...