Stock futures fell Monday as Treasury yields rose and traders looked ahead to the release of corporate earnings from tech industry giants.
Futures for the Dow Jones Industrials dived 184 points, or 0.6%, to 33,074.
Futures for the S&P 500 fell 21 points, or 0.5%, at 4,227.50.
Futures for the NASDAQ retreated 77.5 points, or 0.5%, to 14,586.50.
Earnings season ramps up this week, with a slew of big tech titans set to report. Investors will anticipate results from Alphabet, Amazon, Meta and Microsoft to provide key information for the stock market.
Interest rates have soared in recent weeks, with the 10-year's break above 5% on Thursday marking the first such occurrence for the benchmark since July of 2007. Comments from Federal Reserve chair Jerome Powell that monetary policy could tighten further seemingly stoked investor concern and underpinned the rise in Treasury yields.
In Japan, the Nikkei 225 capsized 0.8% Monday, while in Hong Kong, markets were shuttered for a holiday.
Oil prices slumped 53 cents to $87.55 U.S. a barrel.
Gold prices lost five dollars to $1,989.40 U.S. an ounce.