U.S. stock index futures hovered near flat levels late Sunday, steadying after a weekly decline that snapped three consecutive weeks of gains for major benchmarks.
S&P 500 futures traded unchanged at 7,692.50 points, while Nasdaq 100 futures were muted at 29,390.50 points. Dow Jones futures also held flat at 53,346.0 points as of 20:19 ET on Sunday evening.
Last week, the S&P 500 fell 1.43%, ending a three-week winning streak. The Nasdaq dropped 2.1%, snapping its three-week advance, while the Dow lost 0.9%. The declines coincided with a rise in longer-dated Treasury yields, with the 30-year yield reaching its highest level since 2007. The 10-year yield remained around 4.7%. Treasury Secretary Scott Bessent doubled planned purchases of longer-dated debt, providing only temporary support before yields rebounded.
Geopolitical developments added to market uncertainty. Brent crude futures dipped in early Asian trading on Monday but held above $93 per barrel after climbing more than 6% in the prior week. The surge followed threats by President Donald Trump to impose sanctions on countries trading with Iran. Tehran dismissed the latest U.S. sanctions warnings, and Washington is expected to announce further measures.
Investors are also focused on key economic and corporate events this week. NVIDIA is scheduled to report quarterly results on Wednesday, with its performance serving as a barometer for the artificial-intelligence investment cycle. The Federal Reserve's annual Jackson Hole symposium, running from Aug. 27 to Aug. 29, will feature remarks from Chair Kevin Warsh. Additionally, July Personal Consumption Expenditures inflation data is due for release during the week.
