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Stock futures rise following S&P 500's worst week since March 2020

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The overnight action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.
Stock futures rose slightly in overnight trading Sunday, following the S&P 500’s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. Futures on the Dow Jones Industrial Average edged up 120 points. S&P 500 futures climbed 0.5% and Nasdaq 100 futures rose 0.9%. The overnight action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates. The S&P 500 lost 5.7% last week and closed below its 200-day moving average, a key technical level, for the first time since June 2020. The blue-chip Dow fell 4.6% for its worst week since October 2020. The sell-off in the tech-heavy Nasdaq Composite was even more severe with the benchmark dropping 7.6% last week, notching its fourth straight weekly loss. The index now sits more than 14% below its November record close, falling deeper into correction territory.

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