Investing.com — U.S. stocks gave up some gains Monday as investors weighed up rising Treasury yields ahead of remarks from Fed officials and a slew of corporate earnings due this week.   

At 7:48 ET (19:48 GMT), the was up 3 points or 0.01%, while the was up 0.01% and the was up 0.1%.

Fed speakers out in force as Treasury yields rebound  

This upcoming week is light on market-moving data, but there are a number of Fed speakers due to give their opinions on matters economic this week, including two appearances by Chair – the second of which on Thursday includes a Q&A session. 

Federal Reserve Governor Lisa Cook said on Monday that an expectation of higher for longer interest rates doesn’t “appear to be causing the increase in longer-term rates.”

The remarks followed a weaker-than-expected October jobs report on Friday that stoked expectations that the Fed is rate hike cycle is nearing end and shifted focus to potential rate cuts next year.Fed fund futures imply around an 85% chance the Federal Reserve is done with its hiking cycle, and an 80% chance it will start cutting in June.

Treasury yields, however, rebounded from the recent selloff, with the yield on the rising 11 basis points to 4.664%.

Regional banks slip as lending conditions tighten

Regional banks included Zions Bancorporation (NASDAQ:), Comerica Inc (NYSE:), and PacWest Bancorp (NASDAQ:) fell on Monday as bank lending conditions tightened in Q3, slowing demand for loans, the Fed’s Q3 senior loan officer survey showed Monday.   

The survey resumed concerns somewhat about the health of regional banks following quarterly results from several regional lenders showing rising loan loss provisions and falling deposits. 

“High short-term interest rates have driven up interest expense and pressured margins, while higher long-term rates erode asset values,” Morgan Stanley said, though added that the “credit flow to high-quality borrowers through the bond market remains stable.”

Earnings season coming to an end 

The earnings season is starting to wind down, with 80% of the S&P 500 companies having already reported their quarterly financial results. 

However, there are still a number of key companies that will provide updates this week, including Walt Disney (NYSE:), Wynn Resorts (NASDAQ:), Occidental Petroleum (NYSE:) and D.R. Horton (BVMF:).

Tesla eyes production of cheaper EV at Berlin factory

Tesla (NASDAQ:) was flat after giving up intraday gains even as the electric vehicle manufacturer is preparing to launch a new EV model at its Berlin plant with a targeted price of €25,000 ($26,813) considerably cheaper than the currently available options in Germany, Reuters reported Monday, citing sources.  

Oil rebounds after producers reaffirm supply cuts

Oil prices rose Monday, rebounding after last week’s hefty losses, with traders encouraged by the prospect of tighter supplies, while keeping an eye on events in the Middle East.

Major suppliers Saudi Arabia and Russia confirmed over the weekend that they will maintain their ongoing supply reductions until the end of the year, heralding tighter oil markets.

Both benchmarks slumped about 6% last week as the geopolitical risk premium faded, with the Israel-Hamas war failing, so far, to escalate into a wider conflict in the Middle East.

(Liz Moyer, Peter Nurse, and Oliver Gray contributed to this story.)