Stock futures dip after Wall Street's winning week

cnbc.com —

Stock futures slipped Sunday night after a winning week on Wall Street, with Dow futures down 0.2% and S&P 500 and Nasdaq-100 futures also losing 0.2%. A rise in oil prices, driven by President Donald Trump rejecting an Iran ceasefire, weighed on early trading. Last week, the Dow gained 0.3% to snap a three-week slide, while the S&P 500 and Nasdaq Composite posted their best weekly performances since early August, rising 1.2% and 2.1%. Tech stocks led gains, with Meta Platforms surging nearly 13% on its Muse AI agent, despite Treasury yields hitting multiyear highs. The 10-year Treasury yield reached levels not seen since 2007, and the 30-year yield hit a 2004 high, as traders increased bets on more Fed rate hikes due to persistent inflation. Key economic data this week includes the August PCE price index Wednesday, manufacturing numbers Thursday, and the September jobs report Friday.


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