U.S. stock index futures were mostly weak to kick off a shortened trading week.
Dow Jones Industrial Average futures were little changed in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow and S&P 500 were flat, while Nasdaq 100 futures advanced 0.2%. «Stocks this week will trade on lockdown concerns and rising cases, but could see a boost into early December as the optimism around a near term, stopgap stimulus package grows,» said Shannon Saccocia, Chief Investment Officer at Boston Private. «Overall, the push and pull between tech stocks and cyclicals will likely continue through the next couple of weeks, and we could see some tough days as economic data is released that reflects the deterioration in consumer spending we are currently experiencing.» All three major averages finished Friday’s session lower, while the Dow and S&P 500 also posted a loss for the week, falling 0.73% and 0.77%, respectively, for their first negative week in three.
