Traders in the NYSE, May 20, 2022.
The stock futures traded higher on Sunday night trading after the Dow Jones Industrial Average fell amid a broader market sellout for its 8th week.
The future of the Dow Industrial Average gained 170 points, or 0.57%. The S&P 500 futures were up 0.7% and the Nasdaq 100 futures were up 0.7%.
The moves came The S&P 500 bear landed in the market area on Friday Based on intraday. Although the benchmark was down 20% at one point, it did not close at the bear market after a late day comeback.
At the regular trading session on Friday, The S&P 500 The stock closed 0.01% higher at 3,901.36 after falling 2.3% in the previous session. The Dove At 31,261.90, adding 8.77 points after sinking up 600 points Nasdaq Decreased by 0.3%.
The S&P 500 is currently down 19%, while the Dow is down 15.4%. The Nasdaq is already deep in the bear market area, down 30% from its highs.
Last week marked Dow’s first eight – week loss since 1923, while the S&P 500 touched seven – week loss, the worst since 2001.
For the first time since March 2001, the Nasdaq has seen its seventh negative week. The Tech-Heavy Index hit its lowest intraday level on Friday after November 2020.
Eight segments of the 11 sectors ended the week red, led by Consumer Staples, which had the worst weekly performance since March 2020, falling 8.63%. Energy rose 1.09% to end the week at the top. Consumer custom and communication services completed the week more than 32% above the 52-week high.
“Investors are trying to catch up on exactly what’s going on, always trying to guess what the outcome will be,” said Susan Schmidt of Aviva Investors. “Investors hate, and markets hate uncertainty, and this is a time when they have no clear indication of what is going to happen with this drive between inflation and the economy.”
Investors are looking forward New block revenue this week, including the big retail lineup Names. Zoom Video will announce the results on Monday, followed by Costco, Nvidia, Dollar General, Nordstrom and Macy’s later in the week.