Futures for the S&P 500 and Nasdaq 100 are down this morning as rising Treasury yields dampen investor risk appetite. Chinese regulators advised financial institutions to reduce U.S. Treasury holdings due to concerns about volatility. Investors await key U.S. economic data, Fed comments, and earnings reports. Wall Street saw gains on Friday, with chip and cryptocurrency-exposed stocks surging. U.S. economic data showed consumer sentiment rising unexpectedly and an increase in consumer credit. Fed officials express optimism about the economy and inflation outlook. Rate futures show a high probability of no rate change at the March meeting. This week, focus is on delayed U.S. jobs and inflation data, along with corporate earnings reports. In the bond market, the 10-year Treasury yield is at 4.230%. Euro Stoxx 50 Index is up, with defense, bank, and tech stocks leading gains. Sentix Investor Confidence Index for the Eurozone is positive. Asian markets closed higher, with China’s Shanghai Composite and Japan’s Nikkei 225 up significantly. China’s yuan strengthened against the dollar. Prime Minister Sanae Takaichi’s election victory in Japan boosts expectations of increased government spending. Japanese economic data shows a decline in real wages. Pre-market U.S. stock movers include chip stocks and Hims & Hers Health. Monday’s earnings spotlight includes Apollo Global Management, Becton, Dickinson and Company, and Arch Capital Group.

Read more at Barchart: Stocks Set to Open Lower as Bond Yields Climb, Key U.S. Economic Data Awaited