Equity Market Futures Are on the Decline Accompanied by Decreasing Yields

U.S. stock futures are lower. Equity market futures are on the decline, accompanied by decreasing yields, as the month of May concludes with a recalibration following a surge fueled by AI optimism. Debt ceiling developments continue later this evening when the House will conduct a vote on the deal. Shortly after the market opens, the April JOLTS data will be released, followed by the release of the Fed Beige Book, which provides a snapshot of economic conditions, later this afternoon. Fed officials continue to deliver speeches ahead of the blackout period beginning on June 3rd. Overnight, Asian markets closed with broad declines, led by Hong Kong's Hang Seng Index, as market pressure persists due to disappointing economic data, which has dampened investor optimism regarding China's reopening. European markets are also experiencing a decline in late-day trading. The dollar is continuing an upward move that began earlier this month, while crude oil prices continue to decline and gold prices are rising.