US pre-open: Futures in the red ahead of Q1 earnings
Wall Street futures had stocks opening lower ahead of the bell on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
As of 1220 BST, Dow Jones futures were down 0.05%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.34% and 0.72% lower, respectively.
Major indices ended last week in the red despite the Dow closing 137.55 points higher on Friday, as fears regarding a more aggressive stance against inflation by the Federal Reserve weighed on sentiment.
Treasury yields were in focus ahead of the bell on Monday after the yield benchmark 10-year note hit a three-year high on Friday and was hovering at around 2.76% prior to the open.
Covid-19 related lockdowns in China and the Russia-Ukraine conflict were also drawing an amount of investor attention prior to the start of trading.
On the macro front, no data points were scheduled for release on Monday but Federal Reserve presidents Raphael Bostic and Charles Evans will deliver speeches throughout the course of the day, as will governor Michelle Bowman.
While no major earnings were slated for publication on Monday, first-quarter earnings season will kick off later in the week, with bank JPMorgan Chase and carrier Delta both set to report results on Wednesday.