Here’s what we’re watching before Monday’s trading action begins.
—U.S. stock futures wavered and a selloff in U.S. government bonds extended into its sixth week after progress toward a new fiscal stimulus bill brightened economic prospects and sapped demand for technology stocks.
Futures linked to the S&P 500 were flat and Nasdaq-100 futures fell 0.5%. In the bond market, the yield on benchmark 10-year US. Treasurys rose to 1.590%. It had ended Friday at 1.551%, its highest since February 2020.
What’s Coming Up
—Earnings are due from Casey’s General Stores , Stitch Fix and Del Taco Restaurants after the closing bell.
—U.S. wholesale inventories for January, due at 10 a.m., are expected to increase 0.9% from the prior month.