The Dow and the S&P 500 are coming off their first losing week in four as talks over the next coronavirus stimulus package dragged on.
Futures tied to major U.S. equity benchmarks traded lower in overnight trading Sunday as Wall Street headed for the last full trading week ahead of Election Day. Dow Jones Industrial Average futures dipped about 100 points, indicating a loss of 140 points at Monday’s open. The S&P 500 futures and the Nasdaq 100 futures both fell 0.4%. The decline in futures came amid a record surge in new coronavirus cases in the U.S. The country saw more than 83,000 new infections on both Friday and Saturday after outbreaks in Sun Belt states, surpassing a previous record of roughly 77,300 cases set in July, according to data from Johns Hopkins University.
