U.S. stock futures wavered and bond yields rose in the wake of Jerome Powell’s nomination to continue as Federal Reserve chairman, ahead of fresh economic data and retail and technology earnings.
Futures tied to the S&P 500 ticked down less than 0.1% Tuesday, suggesting the broad-market index could hover, after closing down 0.3% Monday. Nasdaq-100 futures slipped 0.2%, pointing to losses for technology stocks after the opening bell. Stocks took a leg down Monday, particularly those sensitive to higher interest rates, such as technology companies.