Stock futures were little changed Sunday evening as Wall Street prepared to close out a winning August, with the tech sector leading gains. The Dow Jones rose 2.1% for the month, on pace for its fifth consecutive monthly advance, while the S&P 500 and Nasdaq Composite gained 3% and 4% respectively. The technology sector drove the rally, with Nvidia climbing more than 8%, Microsoft up 11%, and Micron Technology rising 13%. Treasury yields remain elevated amid inflation concerns, and Fed Chairman Kevin Warsh reiterated his worries about inflation, making a 25 basis point September rate hike more likely according to Barclays. Oil prices jumped to $85.64 per barrel for WTI and $90.57 for Brent amid heightened Middle East tensions.
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