Right here’s what we’re watching forward of the opening bell on Monday.
—U.S. inventory futures are down premarket, as rising Treasury yields have some buyers reconsidering shares’ excessive valuations. Futures for the S&P 500 are down 0.7%, whereas these on the Dow are 0.5% decrease. Learn our full market wrap right here.
What’s Coming Up
—On the earnings entrance, stories are due after the shut from on-line insurance coverage market EverQuote and government search agency Heidrick & Struggles .
Market Movers to Watch
— Boeing is down 3% premarket Monday following an engine failure on considered one of its 777 jets over the weekend. The corporate beneficial airways floor among the jets Sunday to hold out inspections.
— Folks’s United Monetary is up sharply, rising greater than 10%, after The Wall Road Journal reported M&T Financial institution was nearing a deal to purchase its smaller rival for $7 billion.