U.S. stock index futures held steady late Sunday as investors assessed the prior week’s losses and awaited key earnings and policy signals. Around 21:19 ET, S&P 500 futures stood at 7,692.50, Nasdaq 100 futures at 29,390.50 and Dow Jones futures near unchanged at 53,346.0.
The previous week saw broad declines, with the S&P 500 down 1.43%, the Nasdaq falling 2.1% and the Dow losing 0.9%, ending three consecutive weeks of gains. Longer-dated U.S. Treasury yields climbed to their highest level since 2007, with the 30-year yield rising sharply, while the 10-year yield hovered near 4.7%. Treasury Secretary Scott Bessent increased planned purchases of longer-term bonds, but yields resumed their climb late in the week.
Oil prices remained elevated above $93 per barrel following a weekly gain of more than 6%, as Brent crude traded lower in early Asian trading. Geopolitical risks persisted after U.S. President Donald Trump threatened sanctions on countries trading with Iran, which Tehran rejected. Additional U.S. measures were expected to be announced.
Investors will focus on NVIDIA’s quarterly results due Wednesday, seen as a key gauge of momentum in the artificial intelligence investment cycle. Federal Reserve Chair Kevin Warsh is scheduled to speak at the Jackson Hole symposium from August 27 to 29, where remarks on interest rate policy could influence market expectations amid heightened volatility and inflation uncertainty. July Personal Consumption Expenditures inflation data is also due for release during the week.
