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U.S. stock-index futures made solid gains Sunday, following the worst week on Wall Street since March 2020.
Dow Jones Industrial Average futures
YM00,
rose about 200 points Sunday evening, while S&P 500 futures
ES00,
and Nasdaq-100 futures
NQ00,
each advanced nearly 1%.
On Friday, The S&P 500
SPX,
lost 84.79 points, or 1.9%, to close at 4,397.94, while the Dow Jones Industrial Average
DJIA,
shed 450.02 points, or 1.3%, to 34,265.37, and the Nasdaq Composite Index
COMP,
gave up 385.10 points, or 2.7%, breaking the 14,000 level to close at 13,768.92.
For the week, the Nasdaq slumped 7.6%, its worst performance since the week ending March 20, 2020. The S&P 500 fell 5.7%, also for its steepest such fall since March 2020, and the Dow dropped 4.6%, its worst since Oct. 30, 2020.
The upcoming week will see a number of quarterly earnings reports from big-name companies, including IBM
IBM,
Microsoft
MSFT,
Tesla
TSLA,
and Apple
AAPL,
The Federal Reserve will also meet Tuesday and Wednesday, where policy makers are expected to lay the groundwork for raising interest rates, likely in March.
