U.S. stock futures pointed higher Monday after the worst month for equities since the U.S. economy was first slammed by the emergence of coronavirus.
What’s happening On Friday, the Dow Jones Industrial Average DJIA fell 939 points, or 2.77%, to 32977, the S&P 500 SPX declined 156 points, or 3.63%, to 4132, and the Nasdaq Composite COMP dropped 537 points, or 4.17%, to 12335.What’s happening On Friday, the Dow Jones Industrial Average DJIA fell 939 points, or 2.77%, to 32977, the S&P 500 SPX declined 156 points, or 3.63%, to 4132, and the Nasdaq Composite COMP dropped 537 points, or 4.17%, to 12335.
What’s driving markets Monday will feature the release of the Institute for Supply Management’s manufacturing index, as well as more corporate earnings. Michael Kramer, the founder of Mott Capital, says the best chance of a rally this week is after the Fed decision on Wednesday, as the hike is expected, and as stocks typically rally after press conferences. But he doesn’t think any rally will last.
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