Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses.
Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.34%. S&P 500 futures dipped 0.69% and Nasdaq 100 futures dropped 1.33%. Zoom Video shares popped 6% in extended trading after sharing strong guidance for the second quarter while Snap shares plummeted more than 28% as the company said it’s bracing to miss earnings and revenue targets in the current quarter and warned of a hiring slowdown. The moves came as the markets staged a rebound from last week’s steep market sell-off, which saw the Dow hit its first eight-week losing streak since 1923 and the S&P 500 briefly fall into bear market territory on an intraday basis.
