Futures Movers: Stock futures gain as Wall Street looks to snap 8-week losing streak
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 YM00, +0.55% were recently up about 150 points, or 0.5%, while S&P 500 futures ES00, +0.76% and Nasdaq-100 futures NQ00, +1.00% posted gains closer to 1%. Crude prices CL.1, +0.44%, 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.
On Friday, the Dow DJIA, +0.03% edged up 8.77 points, or less than 0.1%, to close at 31,261.90, while the S&P 500 SPX, +0.01% added less than 1 point to finish nearly flat at 3,901.36, after earlier trading in bear-market territory. The Nasdaq Composite COMP, -0.30% 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. ZM, -1.32%, Nvidia Corp. NVDA, -2.51%, Costco Wholesale Corp. COST, -1.54% and Macy’s Inc. M, -6.20%.