U.S. stock futures were steady Monday night as investors awaited key earnings from retailers and chipmaker Nvidia this week.
Dow Jones Industrial Average futures opened 0.06% lower. S&P 500 futures were down 0.02%, while Nasdaq 100 futures were up 0.004%.
In after-hours trading on Wall Street, shares of Trump Media and Technology Group fell nearly 2%, paring earlier gains, on news that the company is in talks to buy cryptocurrency trading firm Bakkt. Shares of U.S. retailer Walmart rose 0.7% ahead of its earnings report before the bell on Tuesday.
Major US indices closed mixed on Monday as bond yields retreated from highs and ahead of Nvidia's quarterly results.
The Dow Jones Industrial Average fell 0.1%, or 55 points, on Monday, marking its third straight daily loss.
While the S&P 500 index rose 0.4% after two sessions of losses, but failed to regain the 5,900-point level at the close.
The Nasdaq Composite Index also rose 0.6%, ending a four-session losing streak.
Meanwhile, the yield on two-year US Treasury bonds fell from a 3-month high, and the US dollar index fell from its highest level in more than a year.
The next major market catalyst this week will be Nvidia, which is scheduled to report earnings on Wednesday. Traders will be watching for guidance on the company’s demand for its Blackwell AI chips.
On the other hand, concerns about the path of interest rates continue to weigh on investors’ minds, especially after US Federal Reserve Chairman Jerome Powell said on Thursday that the central bank is in no rush to cut rates given the strong economic growth and the strong labor market — which led to last week’s selloff. Most investors are now pricing in the year-end overnight lending rate in the range of 4.25% to 4.50%.
