Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yields

Asian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise. U.S. futures rose while oil prices fell back. On Friday, the S&P 500 fell 1.3% for a fourth straight drop. The Dow sank 0.9% and the Nasdaq composite tumbled 1.5%. The stock market has been struggling under the weight of the bond market, where the yield on the 10-year Treasury briefly topped 5% late Thursday for the first time since 2007. High yields make borrowing more expensive for everyone, and they slow the economy while dragging on investment prices. The 10-year yield was hovering near 5% early Monday.