Stock futures were higher on Sunday night as Wall Street sought to regain its footing after a sharp sell-off in technology companies.
futures S&P 500 Index up 0.3%. Nasdaq 100 Futures rose 0.4%, while Dow Jones Industrial Average An increase of 97 points, or 0.3%.
this S&P 500 Index and Nasdaq Index They fell 3.05% and 5.52% respectively last week, both falling for six consecutive days. On Friday alone, the Nasdaq fell 2%, with chip giant Nvidia falling 10%.
this Dow ChemicalIts tech content is lower than the other two benchmark averages, with little change this week.
The stock market’s troubles come as recent inflation data has dented hopes of multiple interest rate cuts from the Federal Reserve in 2024.
“Significant weekly losses spy and QQ Rick Bensignor of Bensignor Investment Strategies said in a note to clients on Sunday, referring to major index funds:
There are several major economic releases this week, with gross domestic product on Thursday and key inflation data on Friday.
Corporate earnings could also be a factor in the coming days, e.g. Tesla, meta platform, American airlines, Microsoft and letter All ready to report in the coming week.
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