Here’s what we’re watching ahead of the opening bell on Monday.
—U.S. stock futures are down premarket, as rising Treasury yields have some investors reconsidering stocks’ high valuations. Futures for the S&P 500 are down 0.7%, while those on the Dow are 0.5% lower. Read our full market wrap here.
What’s Coming Up
—On the earnings front, reports are due after the close from online insurance marketplace EverQuote and executive search firm Heidrick & Struggles .
Market Movers to Watch
— Boeing is down 3% premarket Monday following an engine failure on one of its 777 jets over the weekend. The company recommended airlines ground some of the jets Sunday to carry out inspections.
— People’s United Financial is up sharply, rising more than 10%, after The Wall Street Journal reported M&T Bank was nearing a deal to buy its smaller rival for $7 billion.
