US stock futures edged higher on Monday as investors tracked ongoing discussions between American and Chinese leaders in New York, culminating in a summit between Presidents Donald Trump and Xi Jinping. Talks are expected to cover trade, artificial intelligence and disruptions in the Middle East. Trump also said he would “probably” be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly this week, where he may also hold discussions with other Persian Gulf leaders. Last week, the Dow fell 1.69% and the S&P 500 declined 0.08%, while the tech-heavy Nasdaq Composite advanced 0.72%. The moves came as the Federal Reserve raised interest rates for the first time in three years, while signaling further tightening to contain inflation. Markets also faced elevated oil prices and bond yields, reflecting growing concerns over inflationary pressures.

The Dow Jones Index dropped 95 points or 0.18 percent on Friday to close at 51683 points. Losses were led by IBM (-3.19%), Walt Disney (-2.68%) and Nike (-2.26%). Offsetting the fall, top gainers were Amgen (1.54%), Nvidia (1.33%) and Caterpillar (1.20%).

US stock indices closed mixed on Friday as Treasury yields rebounded, rekindling concerns about a deteriorating macroeconomic backdrop. The S&P 500 inched 0.2% higher and the Dow inched 95 points lower, while the Nasdaq added 0.7%. The 10-year yield rebounded as persistent uncertainty over Middle Eastern oil supplies drove fuel and natural gas prices higher. The threat of energy-driven inflation has affected underlying consumer prices, prompting the Fed to hike rates this week. Most FOMC members saw the need for another hike. Credit-sensitive sectors fell, with banks and asset managers posting losses. Bank of America lost 0.8%, while Goldman Sachs fell 1%. AI hyperscalers were mostly lower amid their debt issuance spree to fund capital expenditures. Meta shed 2.4%, while Oracle lost 2%. Chipmakers were mostly higher, with Broadcom up 3% and Micron rising 3.9%, offsetting losses in the Nasdaq. On the week, the Dow shed 733 points, the Nasdaq rose 2.6% and the S&P 500 gained 0.7%.