Stock futures rose before the open, pointing to a rebound in stocks after a wild August for investors so far.
Dow Jones Industrial Average futures (^DJI) rose 0.3%, while S&P 500 futures (^GSPC) rose 0.5%. The technology-focused Nasdaq Composite (^IXIC) rose 0.7%, after losing more than 2% last week.
Bond yields rose. The yield on the benchmark 10-year Treasury note was hovering around 4.3%, near its highest level in more than a decade.
The moves come as the Federal Reserve’s interest rate campaign is once again poised to take center stage in an otherwise quiet week in the markets. Federal Reserve Chairman Jay Powell is scheduled to speak at an annual meeting of bankers in Jackson Hole, Wyoming, on Friday. Last week, concerns about the future path of the rallies helped drive the market’s losses.
On the earnings front, the big pick on Monday is Zoom (ZM). The highlight of the week will come Wednesday from Nvidia (NVDA), which is looking for a fresh start after explosive guidance in the last quarter. Nvidia stock is up more than 200% so far this year.
