Dow futures flat as stock-market bulls look to build on momentum after best week of 2023

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William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.

U.S. stock futures were little changed Monday, struggling for direction as bulls hoped to build on upside momentum after the best week of 2023 for major indexes.

Yields on the benchmark 10-year U.S. Treasury bond BX:TMUBMUSD10Y, which just a few weeks ago had traded at a fresh 16-year high above 5%, at one point on Friday dipped below 4.5%. “Whether the recent rebound in bonds can be sustained holds significant implications. This week’s bond auctions will play a crucial role, and the upcoming release later this month will be decisive significantly, as it might eliminate the possibility of another rate hike entirely,” Innes added.

 

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