S&P 500 futures gained 0.1%, Dow Jones Industrial Average futures added 25 points, or 0.1%, while Nasdaq 100 futures increased 0.2%.
This after-hours uptick comes following a rough start to the week, where rising bond yields and climbing oil prices led to significant market declines.
On Monday, the Dow Jones dropped nearly 400 points, while the S&P 500 slid close to 1%. Technology stocks bore the brunt of the sell-off, pushing the Nasdaq Composite down 1.2%. The 10-year U.S. Treasury yield surged above 4%, marking its highest level since August, as bond prices and yields moved inversely.
West Texas Intermediate (WTI) crude oil prices also played a role, advancing above $77 per barrel, putting further pressure on equities. However, the energy sector was the exception to the day’s losses, as energy stocks climbed alongside oil prices, making it the only sector in the S&P 500 to close in the green.
Despite these recent headwinds, Friday’s stronger-than-expected jobs report had previously lifted the market, marking the fourth consecutive week of gains for the three major indexes. The Dow even reached a new all-time closing high.
Looking ahead, investors will keep an eye on Tuesday’s economic reports, including data on small businesses and the trade deficit. Central bank leaders, including Boston Federal Reserve President Susan Collins and Atlanta Fed President Raphael Bostic, are also scheduled to speak, providing further insights into the economic outlook.