Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening.
Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were flat as well.
The move in futures followed solid gains for the Dow during regular trading hours. The 30-stock benchmark rallied more than 200 points, while the S&P 500 inched up 0.3%. Retail stocks led the market advance with Gap and Macy’s rallying more than 7%. Dillard’s rose nearly 10%, while Urban Outfitters and Kohl’s both gained more than 5%.
“Buying activity picked up within industrials, Boeing and Delta saw…