Here’s what we’re looking at before Monday’s trading action begins.
–US futures fell and a sell-off in U.S. government bonds expanded until the sixth week after progress toward a new fiscal stimulus bill brightened the economic outlook and weakened demand for technology stocks.
Futures linked to the S&P 500 slipped 0.6% and Nasdaq-100 futures fell 1.3%. In the bond market, the yield is on the standard 10-year US. Treasurys rose to 1.602%. It ended at 1,551% on Friday, the highest since February 2020.
What’s up
–Earnings are due from Casey’s general stores, Stitch Fix and Del Taco restaurants to the closing clock.
–US Wholesale Stocks expected for January, which will be at 10:00 a.m. will be, it will increase by 0.9% over the previous month.