Before the bell: futures up about 0.7%, oil slides 2%, 10-year yield eases to 4.95%

U.S. stock futures were higher early Monday as oil prices fell and bond yields slipped. Dow and S&P 500 futures were both up about 0.7% and Nasdaq-100 futures about 1%, Yahoo Finance reported. The Dow is coming off its third straight weekly loss. Live levels are on our markets board.

Oil and yields both pull back

At 7:16 a.m. New York time our market data showed U.S. crude (WTI) at about $97.47, down 2.4%, and Brent at about $101.92, down 2.2%. Reuters' Morning Bid column tied the drop to hopes that Saudi Arabia restores some flows through its East-West pipeline, though Brent is still above $100. We covered the Sunday night move in our oil story. Gold was down about 0.6% near $4,351.

The 10-year Treasury yield fell about 5 basis points to 4.951%, CNBC reported, after touching a 19-year high of 5.041% last week. The 2-year was near 4.72%. For reference, the Treasury's official Friday close was 5.01% on the 10-year and 4.76% on the 2-year (Treasury data). The 10-year is the rate that steers mortgages, which Freddie Mac last put at 6.95%. Chart: 10-year T-note.

The Fed after last week's hike

Markets now fully price one more rate increase by year-end, with a move as soon as October seen as roughly a coin flip, according to Reuters. The 2-year yield has climbed as much as 36 basis points in two weeks. Background: the Fed's hike to 3.75%-4% and Kashkari's weekend comments.

On the calendar

Today is light: the Chicago Fed national activity index for August, which Yahoo Finance lists with a forecast of -0.06. The week brings flash S&P Global PMIs on Wednesday and jobless claims on Thursday, the same day President Trump meets Chinese President Xi Jinping in Washington. Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng on Sunday and called the talks very successful. Full schedule: week ahead for futures traders and our calendar.

Company and crypto movers

• Novo: Copenhagen-listed shares fell as much as 7% after the drugmaker's new long-term targets, including growth in line with industry peers through 2030, CNBC reported.
• Greenland stocks: Greenland Energy jumped more than 154% premarket, Greenland Mines over 70% and Critical Metals nearly 27%, after the U.S. and Denmark reached a security deal on the territory, per CNBC.
• Bitcoin: $84,663 on Coinbase, up 5.3% from its 24-hour open, with Ether at $2,720, up 5.5%. CoinDesk reported about $648 million of short positions were liquidated in 24 hours as bitcoin touched $85,000.

Sources: Yahoo Finance, Reuters (Morning Bid), CNBC, CoinDesk, Coinbase Exchange, U.S. Treasury, Chronicle market data at 7:16 a.m. ET. Futures and premarket prices change quickly. This is market information, not investment advice.