U.S. stock index futures were modestly higher during overnight trading on Monday.
U.S. stock index futures were modestly higher during overnight trading on Monday, after the S&P 500 finished in the green, snapping a five-day losing streak. Futures contracts tied to the Dow Jones Industrial Average rose 75 points. S&P 500 futures gained 0.2%, while Nasdaq 100 futures were up 0.13%. The Dow and S&P both advanced during regular trading for the first time in six sessions as investors bet that some recent selling looked overdone. The Dow gained about 260 points, or 0.76%, after at one point during the session rising nearly 1%. The S&P advanced 0.23%. The Nasdaq Composite, however, bucked the trend and slid 0.07% for its fourth straight negative session. The tech-heavy index is on its longest daily losing streak since mid-July. Eight out of 11 sectors finished in the green, led higher by energy stocks, which jumped on the back of rising oil prices. Stocks linked to the economic reopening – including airlines and cruise line operators — also gained after the seven-day daily U.S. Covid case average declined to around 144,300, down from roughly 167,600 cases per day at the beginning of the month.
