Stock market today: Live updates

Stock futures were higher Monday as Wall Street tried to recover from another weekly decline.

Futures tied to the S&P 500 gained 0.5%. Dow Jones Industrial Average futures rose 125 points, or nearly 0.4%. Meanwhile, Nasdaq-100 futures climbed 0.6%.

Palo Alto Networks jumped 12.4% in premarket trading after reporting earnings results late Friday that topped analysts’ estimates. As of Friday’s close, the stock was down by 16% this month.

Investors are coming off a weekly decline as the market struggles through the summer doldrums. The Nasdaq Composite closed the week lower about 2.6%, down for a third straight week for the first time since December. Meanwhile, the Dow closed the week lower by 2.2%, its worst streak since March. The S&P 500 dropped 2.1% and posted its third consecutive losing week, which hadn’t happened since February.

Investors digested rising bond yields and weakness out of China that put a damper on markets during a typically lackluster season.

“The S&P 500 is sitting in short-term oversold territory, a technical measure encompassing numerous components including investor sentiment along with a host of more esoteric measures,” Quincy Krosby, chief global strategist at LPL Financial, wrote on Friday.

Now, investors are awaiting the latest quarterly results from key artificial intelligence beneficiary Nvidia on Wednesday. They’re also anticipating an address Friday morning from Federal Reserve Chair Jerome Powell at the central bank’s annual symposium at Jackson Hole, Wyoming.