U.S. Stock Futures Tick Higher After 5 Sessions of Loss

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U.S. Stock Futures Tick Higher After 5 Sessions of Loss
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock futures moved higher in overnight trade on Sunday, recovering slightly from last week’s declines that saw and S&P retreating for five consecutive sessions, while the Nasdaq Composite registered its third consecutive negative session as the coronavirus Delta variant continues to hamper economic growth, while persistent inflation fears following Friday’s producer prices reading also dented risk sentiment.

Last week, the Dow and S&P 500 dipped 2.15% and 1.69%, respectively, for their worst weekly performance since June, while the NASDAQ Composite posted its worst week since July, sliding 1.61%.

Among data, U.S. producer prices rose 0.7% in August and 8.3% year over year, posting the biggest annual gain in nearly 11 years. The reading added to fears of persistently high inflation amid supply chain pressures to the the ongoing COVID-19 pandemic.

Ahead in the week, investors will be closely monitoring consumer price index data set to be released Tuesday, while Retail sales data will be released on Thursday.

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