United States stock futures were little changed on Sunday night (Monday AEST) as investors looked to recover from a losing week driven by a sharp rise in Treasury yields.
By 10:15 a.m. AEST (12:15 a.m. GMT), Dow Jones Industrial Average futures were flat, while S&P 500 futures rose 0.1% and Nasdaq-100 futures gained 0.2%.
The Dow fell 0.8% last week, marking its second consecutive weekly decline. The S&P 500 and Nasdaq Composite dropped 1.4% and 2%, respectively, snapping three-week winning streaks.
Global bond markets came under pressure as yields climbed. The 30-year U.S. Treasury yield topped 5.3% last week, reaching its highest level in nearly two decades, while government borrowing costs in Japan, France and Germany also climbed to multi-year highs.
Investors have grown increasingly concerned that the U.S.-Iran war could persist, keeping oil prices elevated and adding to inflationary pressures.
Treasury Secretary Scott Bessent announced measures aimed at stabilising the long end of the U.S. yield curve, but the relief proved short-lived.
Markets will focus on fresh inflation data this week, with the July Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, due on Wednesday (Thursday AEST).
The Fed will also hold its annual symposium in Jackson Hole, Wyoming, where Chair Kevin Warsh is expected to deliver a closely watched speech.
Artificial intelligence stocks will also be in focus, with Nvidia and Marvell Technology scheduled to report quarterly results later in the week.
