Finance

Stock futures point to opening declines as the S&P 500 sits inches from a record

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Traders work on the floor of the New York Stock Exchange.

NYSE

Stock futures are lower in early morning trade on Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about the economy’s ongoing reopening this summer.

S&P 500 futures traded in mildly negative territory while Dow Jones Industrial Average futures dipped 73 points. Nasdaq-100 futures also traded lower.

The S&P 500 sits just 0.2% from its intraday record high earlier in May. The benchmark advanced 0.6% last week to bring its 2021 gains to more than 12%. The Dow and Nasdaq also posted gains last week.

Friday’s jobs report showed the unemployment rate dropping to 5.8% from 6.1% and that 559,000 jobs…



Source cnbc.com

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