Dow Jones futures dip as oil prices and yields rise, Apple and Moderna highlighted as potential buys
Futures on the Dow Jones Industrial Average fell amid higher oil prices and rising Treasury yields, while analysts flagged Apple and Moderna as attractive additions.
Futures tied to the Dow Jones Industrial Average slipped on Monday, pressured by a surge in oil prices and an increase in Treasury yields that weighed on equity valuations. Market participants noted that despite a modest rebound in stocks on Friday, the broader market remained vulnerable to commodity and rate-related headwinds.
Analysts highlighted Apple Inc. and Moderna Inc. as favorable picks, describing them as “new buys” in the current environment. The commentary came as investors await further guidance from the Federal Reserve, which is expected to address interest-rate policy in the coming weeks.
"The combination of higher oil and yields is creating a challenging backdrop for equities," a market strategist said.
"Apple and Moderna stand out as attractive opportunities given their fundamentals and growth prospects," the analyst added.
The outlook for the near term remains cautious as traders monitor commodity trends and upcoming Federal Reserve communications for clues on future monetary policy direction.