US stock futures are pointing lower this morning, with S&P 500 contracts down about 0.38 percent and Nasdaq futures sliding nearly 0.7 percent. The biggest catalyst weighing on sentiment is the stubbornly high US 10-year Treasury yield, which remains above 4.1 percent. For everyday investors, that means borrowing costs are still relatively high, and businesses may find it tougher to invest and expand. At the same time, a jump of over 6 million barrels in US crude oil inventories signals weaker demand for fuel, which could mean businesses and consumers are pulling back. On one hand, the spotlight turns to interest-rate sensitive stocks like real estate and banks. On the other hand, energy and consumer sectors are now under pressure as investors weigh the risk of an economic slowdown versus the hope for lower inflation.

Find out which undervalued stocks based on cash flows could thrive if higher rates remain elevated longer than expected.

Cisco Systems (CSCO) jumped 4.62 percent after upbeat earnings, bullish guidance, and a dividend affirmation.

NIKE (NKE) climbed 2.85 percent.

Verisk Analytics (VRSK) gained 2.24 percent following news of a new insurance tech integration partnership.

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Bloom Energy (BE) plunged 18.28%.

Flutter Entertainment (FLUT) dropped 14.27% after guidance was cut. Analysts also sharply lowered price targets.

Sandisk (SNDK) fell 13.96%.

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With Fed policymakers set to speak and fresh US manufacturing data ahead, market focus is shifting toward upcoming macro catalysts and rate signals.

Fed Officials: Fed Williams and Kashkari speeches on Monday may reveal clues about the central bank's policy outlook and inflation risks.

NY Empire State Manufacturing Index (US): Monday's release will gauge factory activity momentum and signal industrial health as the holiday season approaches.

Net Long-term TIC Flows (US): Monday's data offers insight into foreign demand for US assets, which is important for funding the deficit while yields remain elevated.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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