Finance

Dow futures rise as stocks point to strong open on Monday

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Traders on the floor of the New York Stock Exchange.

Source: NYSE

U.S. stock futures moved higher in overnight trading and pointed to gains at the open on Monday, continuing last week’s rally that led the Dow and S&P 500 to record highs.

Dow futures rose 105 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.2%.

Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.

The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical…



Source cnbc.com

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