US open: Markets flat as bond yields retreat, investors eye Nvidia earnings

(Sharecast News) - US stocks opened more or less flat on Monday as elevated bond yields and indices near record highs caused investors to pause for breath, with markets eagerly awaiting the next key risk event: Nvidia's latest quarterly earnings in two days' time.

Earlier in pre-market trading, futures had pointed to falls of up to 0.7% across Wall Street's three main indices, but losses were erased by the opening bell as Treasury yields retreated after an earlier rise.

The Dow was up 0.2%, while the S&P 500 was flat and the Nasdaq fell 0.2%.

Both the S&P 500 and Nasdaq reached new all-time closing highs on Thursday, while the Dow neared its record set in February, before taking a sharp plunge on Friday as bond yields rose and a meeting between Donald Trump and Xi Jinping failed to result in any major tech deals between the US and China.

After hitting a high of 4.635% earlier on, its highest level since January 2025, the yield on a 10-year US Treasury note was down 1.5 basis points at 4.581%. Bond yields across Europe had also soared - with 10-year bond yields in Germany and the UK rising to their highest since 2011 and 2008 respectively - before coming back down to earth.

Oil prices also pared earlier gains to slip lower. Brent crude was up 1.1% at $108.07 a barrel after hitting a two-week high, while WTI crude was 1.8% lower at $103.52 a barrel.

"It feels like Groundhog Day for global markets as US president Trump ramps up the speculation his next moves in the Middle East. Oil prices enjoyed a solid run higher last week and are poised for more gains even as reports of talks filter through to investors," said Chris Beauchamp, chief market analyst at IG.

Upcoming results from chip titan Nvidia on Wednesday gave investors another reason to sit on the sidelines, with expectations already sky high following a near-70% surge in the stock over the past 12 months, giving it a market capitalisation of $5.46trn as of Friday's close.

"The biggest company in the world's results this week provide a welcome distraction from the slow-motion crisis in the Middle East, if only temporarily. But with so much good news priced into tech stocks after the blistering rally of the last six weeks there is a significant risk that even Nvidia's bullish outlook will be enough to satisfy investors," Beauchamp said.

Nvidia was trading marginally higher after the opening bell on Monday, after heavy losses the previous session. Sector peers Broadcom, Micron Technology and AMD were putting in a mixed performance early on.

In other news, Dominion Energy shares jumped after NextEra Energy said it has agreed to buy the company in a $67bn all-share deal that will create the world's largest regulated electric utility business by market capitalisation.

Under the terms of the transaction, Dominion shareholders will receive a fixed exchange ratio of 0.8138 shares of NextEra Energy for each share of Dominion Energy they own at the close. This will result in NextEra Energy and Dominion shareholders owning around 74.5% and 25.5% of the combined company, respectively.

Dow Jones - Risers

Intel Corp. (INTC) $111.30 3.45%

Cisco Systems Inc. (CSCO) $118.39 2.13%

3M Co. (MMM) $147.74 1.17%

Procter & Gamble Co. (PG) $143.17 1.14%

Travelers Company Inc. (TRV) $301.92 0.72%

Goldman Sachs Group Inc. (GS) $954.92 0.65%

Apple Inc. (AAPL) $298.37 0.44%

JP Morgan Chase & Co. (JPM) $298.93 0.41%

Merck & Co. Inc. (MRK) $111.83 0.31%

Home Depot Inc. (HD) $297.85 0.21%

Dow Jones - Fallers

Amgen Inc. (AMGN) $323.21 -3.17%

Unitedhealth Group Inc. (UNH) $384.84 -2.24%

Dow Chemical Co. (DOW) $38.17 -1.50%

Chevron Corp. (CVX) $189.47 -0.84%

Nike Inc. (NKE) $41.42 -0.72%

International Business Machines Corporation (CDI) (IBM) $217.88 -0.65%

American Express Co. (AXP) $312.14 -0.43%

Coca-Cola Co. (KO) $80.62 -0.42%

Boeing Co. (BA) $219.00 -0.34%

Caterpillar Inc. (CAT) $887.51 -0.29%

S&P 500 - Risers

Dominion Energy Inc. (D) $68.74 11.03%

Skyworks Solutions Inc. (SWKS) $70.06 5.70%

F5 Inc. (FFIV) $375.82 4.78%

Qorvo, Inc. (QRVO) $93.60 4.50%

Verisk Analytics Inc. (VRSK) $165.38 4.15%

Intel Corp. (INTC) $111.30 3.45%

Ipg Photonics Corp. (IPGP) $102.77 3.32%

Micron Technology Inc. (MU) $744.90 2.78%

J.B. Hunt Transport Services Inc. (JBHT) $260.42 2.78%

Advance Auto Parts (AAP) $47.71 2.75%

S&P 500 - Fallers

Regeneron Pharmaceuticals Inc. (REGN) $618.85 -12.90%

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Nektar Therapeutics (NKTR) $69.80 -4.62%

NextEra Energy Inc. (NEE) $89.78 -3.84%

Vertex Pharmaceuticals Inc. (VRTX) $434.10 -3.57%

United Parcel Service Inc. (UPS) $95.12 -3.52%

Dxc Technology Company (DXC) $8.65 -3.19%

Amgen Inc. (AMGN) $323.21 -3.17%

LKQ Corporation (LKQ) $24.82 -2.99%

LyondellBasell Industries (LYB) $72.50 -2.98%

Nasdaq 100 - Risers

Skyworks Solutions Inc. (SWKS) $70.06 5.70%

Workday, Inc. (WDAY) $125.41 3.80%

Verisk Analytics Inc. (VRSK) $165.38 3.62%

Intel Corp. (INTC) $111.30 3.45%

Micron Technology Inc. (MU) $744.90 2.78%

J.B. Hunt Transport Services Inc. (JBHT) $260.42 2.78%

Cognizant Technology Solutions Corp. (CTSH) $47.46 2.61%

Lam Research Corp. (LRCX) $289.71 2.26%

Check Point Software Technologies Ltd. (CHKP) $124.05 2.13%

Alphabet Inc. Class A (GOOGL) $402.76 2.11%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Regeneron Pharmaceuticals Inc. (REGN) $618.85 -12.90%

Vertex Pharmaceuticals Inc. (VRTX) $434.10 -3.34%

Amgen Inc. (AMGN) $323.21 -3.17%

Trip.com Group Limited (TCOM) $48.75 -2.67%

Comcast Corp. (CMCSA) $24.74 -2.61%

Biomarin Pharmaceutical Inc. (BMRN) $51.37 -2.52%

Mercadolibre Inc. (MELI) $1,539.94 -2.44%

Kraft Heinz Co. (KHC) $22.93 -2.32%

Charter Communications Inc. (CHTR) $141.47 -2.04%