US stock futures steady after Dow, S&P 500 and Nasdaq open week lower

US stock futures were little changed on Tuesday after Wall Street’s main indexes began the week in the red. Monday’s pullback came as persistent Middle East tensions lifted oil prices and Treasury yields continued to rise, pressuring risk assets. The Dow fell 0.51%, the S&P 500 declined 0.52% and the Nasdaq Composite lost 0.32%, with 10 of the 11 S&P sectors ending lower, led by communication services, consumer staples and financials. Oil advanced as hopes for a new US-Iran peace agreement faded and efforts to reopen the Strait of Hormuz remained stalled. At the same time, the 30-year Treasury yield climbed to its highest level since 2007, underscoring investor concerns about inflation and expanding government spending. Attention now shifts to retail earnings from Home Depot, Lowe’s and Walmart for clues on consumer strength.

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