Market Snapshot: Stocks poised for decline as Dow futures drop more than 200 points

Stocks were poised to decline for a second day on Tuesday, as a rise in bond yields undercut global equities.

U.S. stock index futures extended losses, with Dow futures off more than 200 points after Amazon, Berkshire Hathaway and JPMorgan Chase announced they would partner in an effort to cut health care costs and improve services for U.S. employees. Shares of several health care companies fell in premarket action.

Meanwhile, climbing U.S. bond yields, which imply a rise in borrowing costs, looked set to weigh on stocks in a repeat of Monday’s action.

Investors are looking ahead to the State of the Union address by President Donald Trump, while a busy day for corporate earnings will see big names such as McDonalds Corp.

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