Stock futures fell slightly early Monday, weighed by declines in tech following a losing week as markets remain pressured by elevated Treasury yields.
Futures for the Dow Jones Industrials slid 26 points, or 0.1%, to 53,327.
Futures for the S&P 500 gave back 13 points, or 0.2%, to 7,678.25.
Futures for the NASDAQ Composite capsized 165.75 points, or 0.6%, to 29,222.
The Dow last week fell 0.8%, marking its second consecutive weekly pullback. The S&P 500 dropped 1.4%, and NASDAQ shed 2%, snapping their three-week winning streaks.
Coherent and Lumentum fell 5% and 4.5%, respectively, to lead the losses. Sandisk also shed 4%, while Corning and Seagate each pulled back by 3%.
Artificial intelligence will be in focus, with Nvidia and Marvell Technology set to report earnings Wednesday and Thursday, respectively.
Those figures will come after Bloomberg News reported over the weekend, citing sources, that Nvidia has notified clients that servers with Vera Rubin and Blackwell chips will see price hikes of more than 15%.
Investors grew fearful that the U.S.-Iran war would continue for longer, keeping oil prices elevated and driving inflation higher. Treasury Secretary Scott Bessent did announce measures to help stabilize the long-end of the U.S. yield curve, but that reprieve was short lived.
In Japan, the Nikkei 225 index ditched 0.7% Monday, while in Hong Kong, the Hang Seng decreased 1.9%.
Oil prices waved off $1.96 to $85.10 U.S. a barrel.
Gold prices shone brighter $21.40 to $4,701.20 U.S an ounce.
Tech Losses Weigh on U.S. Markets
