China's Rate Puzzles Cause Mixed Stock Performance and Rising Yields: Market Wrap

US equity futures rose, indicating a potential rebound for stocks on Wall Street after a challenging August. Bonds were weaker. The S&P 500 and Nasdaq 100 futures advanced, with European stocks also rebounding. Palo Alto Networks Inc. saw a rally in premarket trading after beating billings forecasts. Treasury yields climbed, bringing the 10-year yield closer to its highest level since November 2007. Investors are looking to the annual gathering of central bankers at Jackson Hole for clues on the global interest-rate outlook. In Asia, stocks dropped for the seventh consecutive day, while confusion over China's approach to its property slump strained sentiment. Oil prices rose for a third day.