Dow Jones Industrial Average futures indicated a gain of about 300 points. Futures on the S&P 500 and Nasdaq 100 were also solidly higher.
These gains add to a rebound that started last week after the Dow posted its worst session of 2019. The 30-stock index plummeted 800 points or 3.1% on
Wednesday before regaining some of the lost ground on Thursday and Friday. The S&P 500 is still down 3% in August and off more than 4% from a recent record.
The benchmark 10-year Treasury yields jumped to about 1.61% from around 1.54%. Bank shares rose along with yields.
The prior week the yield fell to its lowest level in more than three years and briefly traded below its 2-year counterpart. This is referred to as a yield curve inversion and is seen by traders as a potential signal that a recession may be on the horizon.
