Stock futures fell slightly this morning after a record-setting week.

Traders monitor oil prices and bond yields while awaiting further developments with the conflict in the Middle East.

Oil prices were little changed.

The major averages suffered a setback Friday, as sovereign bond yields around the world rose.

Tech stocks, which had been leading the market to record highs got battered by the spike in yields.

Tensions are still high between Iran and the U.S., keeping oil prices elevated as the path forward for the conflict remains unclear.

On top of that, new inflation data released last week makes the Federal Reserve cutting rates anytime soon

a long shot.

The financial markets expect interest rates to remain higher for longer, notwithstanding President Trump's demands that Kevin Warsh, newly instated as Fed chief, get rates down.

Meta is slated to start its latest round of layoffs this week, with a total of 8,000 projected job cuts.

More layoffs are expected this year as Meta is ramping up its investments in artificial intelligence.