U.S. equity futures moved marginally lower on Monday, with investors still focused on the pressure from elevated Treasury yields. The moves came ahead of Federal Reserve-related developments and fresh services-sector data due during the week.
At 4:19 p.m., contracts linked to the Dow Jones Industrial Average declined 0.01%. S&P 500 futures lost 0.06%, while Nasdaq-100 futures were down 0.07%.
Bond market moves remain central to investor positioning. The 10-year Treasury yield recently reached its highest level in more than 20 years, keeping attention on whether tighter financing conditions could continue to weigh on equities even if the Fed does not raise rates in the near term.
The pullback follows a week in which rising yields pressured risk assets. A weaker-than-expected jobs report helped reduce market concern over a possible Fed rate increase this month, offering some relief after the earlier bond-driven selling.
Monday’s schedule is relatively limited for both corporate earnings and economic releases. Investors are set to review purchasing managers’ index readings from S&P Global and the Institute for Supply Management, including the ISM services activity report.
Later in the week, markets will receive minutes from the Fed’s September meeting on Wednesday. The University of Michigan’s preliminary October consumer sentiment report is scheduled for Friday.
On the corporate side, PepsiCo and Delta Air Lines are due to report quarterly results before the third-quarter earnings season begins more broadly in mid-October.
