U.S. stock-index futures gained late Sunday, after Wall Street last week sank to is longest losing streak since 1932.
Dow Jones Industrial Average futures
were recently up about 170 points, or 0.5%, while S&P 500 futures
and Nasdaq-100 futures
posted gains closer to 1%. Crude prices
meanwhile, gained slightly in electronic trading.
Last week, the three major indexes declined for the eighth straight week, the longest such streak since April 1932, according to Dow Jones Market Data.
Read: Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
On Friday, the Dow
edged up 8.77 points, or less than 0.1%, to close at 31,261.90, while the S&P 500
added less than 1 point to finish nearly flat at 3,901.36, after earlier trading in bear-market territory. The Nasdaq Composite
fell 33.88 points, or 0.3%, to end at 11,354.62, its lowest close since Nov. 3, 2020.
For the week, the Dow fell 2.9%, the S&P 500 dropped 3.1% and the Nasdaq slid 3.8%.
Investors are looking ahead to a number of major earnings reports this week, including Zoom Video Communications Inc.
Costco Wholesale Corp.
and Macy’s Inc.