U.S. stock futures fell on Monday amid a four-week losing streak for the Dow Jones Industrial Average as investors weighed the likelihood of rising interest rates. Wall Street is also bracing for a stacked week of earnings, including reports from major tech companies such as Amazon and Apple.
Dow Jones Industrial Average futures lost 256 points, or 0.76%. S&P 500 futures dipped 0.67% and Nasdaq 100 futures declined 0.52%. Those moves come after Friday's selloff, with the Dow dropping 981.36 points, or 2.8%, to 33,811.40 in what was the Dow's worst day since October 2020. The S&P 500 fell 2.8% to 4,271.78, or its worst day since March. The Nasdaq Composite dropped by 2.6% to 12,839.29.
All the major averages closed down lower last week, with the Dow falling 1.9% for the week, or its fourth straight weekly decline. The S&P 500 and the Nasdaq dropped 2.8% and 3.8% for the week respectively, posting their third straight weekly decline.Download NBC 5 Dallas-Fort Worth
Source: News Formal (newsformal.com)
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