Finance

Stock futures are flat after Dow closes at record

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U.S. stock index futures were flat during overnight trading on Monday after the Dow Jones Industrial Average closed at a record high.

Futures contracts tied to the Dow declined 4 points. S&P 500 futures were 0.05% higher, while Nasdaq 100 futures added 0.08%.

During regular trading, the Dow erased a 160-point loss to close 98 points higher. The S&P 500 and Nasdaq finished in the red, however, dipping 0.09% and 0.6%, respectively. The moves came amid the continued fallout after a hedge fund was forced to liquidate its position in several media stocks.

ViacomCBS and Discovery both slid on Monday after registering heavy losses last week prompted by Archegos Capital Management selling large…



Source cnbc.com

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