Stock futures pointed up before the open, signaling a bounce in equities after a brutal August for investors so far.
Futures on the Dow Jones Industrial Average (^DJI) rose 0.3%, while those on the S&P 500 (^GSPC) were up 0.5%. The tech-heavy Nasdaq Composite (^IXIC) was up 0.7% after losing more than 2% last week.
Bond yields edged higher. The yield on the benchmark 10-year Treasury bond hovered around 4.3%, near its highest levels in more than a decade.
The moves come as the Federal Reserve’s interest-rate campaign is again set to take center stage in an otherwise sleepy week in markets. Fed Chair Jay Powell is set to speak at an annual gathering of bankers in Jackson Hole, Wyoming, on Friday. Last week, concerns on the future path of hikes helped drive market losses.
On the earnings front, the highlight Monday is Zoom (ZM). This week’s highlight will come Wednesday from Nvidia (NVDA), which is looking for an encore after its blowout guidance last quarter. Nvidia stock is up more than 200% so far this year.