US stocks set to edge lower on Monday as commodity prices wobble amid rising bond yields, dollar strength

US stocks are expected to open slightly lower on Monday, edging back from last week's record highs as a drop in commodity prices indicated some investor unease about the strength of the economic recovery in spite of Friday's stronger than forecast July non-farm payrolls. Futures for the Dow Jones Industrial Average ticked 0.2% lower, while futures for the broader S&P 500 index also shed 0.2%, and Nasdaq-100 futures were relatively flat. Benchmark Brent crude oil prices dropped nearly 4% on a UN climate change warning as China introduced new virus clampdown measures.  Meanwhile, gold and silver prices briefly fell before recovering most of the lost ground amid rising bond yields and strength in the dollar folllowing the latest jobs report which is expected to lead to a tapering by the Federal Reserve sooner rather than later. Investors also have the ongoing earnings season to keep an eye on, with Tyson Foods and vaccine developer BioNTech scheduled to report ahead of the New York opening bell, while AMC Entertainment is expected to post earnings after the markets close. Household names such as Walt Disney and Airbnb are also scheduled to report later this week. A JOLTS report on job openings in June will also be eyed for more information on the labor market. Five things to watch on Monday: Berkshire Hathaway shares rose pre-market after reporting higher net earnings driven by growth at its railroad, utilities and energy companies over the weekend. Barrick Gold said it was on track to achieve its full-year production forecast, after the gold miner reported a 1.2% rise in second-quarter adjusted profit from the first on the back of higher prices for the yellow metal. Amazon.com and Walmart's Flipkart must face antitrust investigations ordered against them in India, the country's Supreme Court ruled on Monday, in a blow to the leading e-commerce giants which had urged judges to quash the inquiries. National Australia Bank has said it will buy Citigroup's local consumer unit for about $882.24 million, as the American bank exits the region while buy-now, pay-later rivals challenge the old credit card business model. Germany's Delivery Hero has taken around a 5% stake in online food delivery rival Deliveroo driving the UK company's share price to its highest since listing on the stock market in March.