From the Wall Street Journal’s "Yields Rise, Stock Futures Waver Ahead of Inflation Data, Earnings" posted early Monday:
Futures pointed to muted moves for U.S. stocks, while government bonds extended losses, as investors awaited inflation data and the start of earnings season.
Rising yields at the start of 2022 have sent a shudder through tech stocks. Pushing yields up are indications that the Federal Reserve could raise short-term interest rates in March and begin to shrink its holdings of bonds and other assets soon afterward.
Inflation data due Wednesday will be keenly watched as investors seek to predict when the Fed will begin to raise borrowing costs. Monthly consumer prices are expected to have risen more than 7% from a year earlier, for the first time since 1982.
Charts: Yahoo!Finance sees a bearish outside bar pattern. Max pain stays at $170 with a call mountain at $170 and a put foothill also at $170.