NEW YORK / Content Syndication Services / — U.S. stock futures moved lower Monday after a record setting week on Wall Street, with traders tracking higher Treasury yields, elevated oil prices and a heavy earnings calendar led by Nvidia and major retailers. Futures tied to the Dow Jones Industrial Average were down 0.63 percent, S&P 500 futures fell 0.29 percent and Nasdaq 100 futures slipped 0.09 percent in early trading, according to available market data.
The decline followed a week in which the S&P 500 and Nasdaq reached record levels, supported by continued strength in technology shares and demand linked to artificial intelligence. The move also came after pressure in the bond market, with the 10 year Treasury yield rising as high as 4.631 percent, its highest level since February 2025, before easing to 4.597 percent.
Oil prices remained another focus for markets, with Brent crude trading at $110.21 a barrel during the session. Higher crude prices have kept attention on inflation readings, consumer costs and interest rate expectations. Market pricing also reflected a more than 40 percent probability of a Federal Reserve rate increase in January, based on interest rate futures data tracked by traders.
Earnings calendar takes focus
Nvidia is scheduled to report fiscal first quarter 2027 results on Wednesday, May 20, with its update closely watched because of the company’s central role in artificial intelligence chips and data center demand. The company’s shares have been a major contributor to recent gains across technology indexes, making its earnings report one of the most closely followed corporate events of the week.
Retail earnings are also set to provide fresh data on consumer spending. Walmart is scheduled to release first quarter results on Thursday, May 21, while Target has listed its first quarter earnings call for Wednesday, May 20. Those reports arrive as investors review how households are responding to higher prices, fuel costs and borrowing conditions across the U.S. economy.
Policy signals remain in view
The Federal Reserve is also scheduled to release minutes from its April 28 to April 29 policy meeting on Wednesday, adding a monetary policy update to a week already focused on corporate results. Markets have been sensitive to movements in Treasury yields, especially as inflation concerns remain tied to energy prices and expectations for the path of interest rates.
Individual stock moves added to Monday’s premarket activity. Dominion Energy rose after reports of acquisition interest from NextEra Energy, while UnitedHealth Group declined following a reported Berkshire Hathaway share sale. The broader market setup left traders balancing record level equity indexes, higher yields, oil market pressure and scheduled results from leading technology and retail companies.