U.S. Futures Weaken as Yields and Oil Prices Rise

U.S. stock futures are trading lower this morning amid a cautious tone, driven by elevated oil prices and bond yields. Technology and growth stocks are facing notable pressure as inflation concerns weigh on investor sentiment.

Stocks to Watch:

• Home Depot, Inc.: Trading higher pre-market ahead of its earnings report, which will be a key indicator for consumer spending.
• Duolingo, Inc.: Showing pre-market strength with a 3% gain.
• Tesla, Inc.: Declined by 1.2% in early trading.
• Memory Chip Sector: Companies including Micron Technology, Inc., SK Hynix Inc., and SanDisk Corporation are down more than 4%.
• Upcoming Earnings: Keysight Technologies, Inc. and Toll Brothers, Inc. are scheduled to report results after today's market close.

Looking ahead, investors will be closely watching this morning's Housing Starts and Building Permits data for insights into the economy and its potential impact on future interest rate decisions.