By Oliver Gray
Investing.com - U.S. stock futures were higher in early APAC deals on Monday, after major benchmark indices ended last week near record high valuations as risk sentiment was boosted by easing long term bond yields, despite heavy losses in European markets following fresh lockdown restrictions introduced amid surging coronavirus infection rates.
Last week, the Dow Jones Industrial Average fell 1.3%, the S&P 500 added 0.3% amid strong quarterly earnings reports from major retailers and the Nasdaq Composite lifted 1.2%.
Futures on the Dow Jones 30 Futures gained 0.15% points. S&P 500 futures edged up 0.11% and Nasdaq 100 futures climbed 0.15%.
Among stocks, technology shares gained during Friday’s session as NVIDIA Corporation (NASDAQ:NVDA) lifted 4.14% following last week’s earnings results, while Tesla Inc (NASDAQ:TSLA) and Rivian Automotive Inc (NASDAQ:RIVN) were up 3.71% and 4.23% respectively. Banking stocks also dipped on easing bond yields, with Bank of America Corp (NYSE:BAC) down 1.99%. JPMorgan Chase & Co (NYSE:JPM) falling 1.31% and Citigroup Inc (NYSE:C) down 1.15%.
On the bond markets, United States 10-Year were at 1.551%.