U.S. Stocks Snap 5 Sessions of Decline; Futures Tick Higher

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U.S. Stocks Snap 5 Sessions of Decline; Futures Tick Higher
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock index futures were trading steady during overnight trading on Monday, following a mostly positive session that saw two of the major benchmark indices snapping a five day losing streak with investor sentiment receiving a boost as coronavirus infection rates began to decelerate across the country.

During regular trade on Monday, the Dow gained about 261.91 points or 0.76% to 34869.64, the S&P 500 advanced 10.15 points or 0.23% to 4468.72. Meantime, the Nasdaq Composite slipped 9.91 points or 0.07% to 15105.58, posting its fourth straight negative session.

On the bond markets, the yield on U.S. 10-year Treasury notes was down at 1.324%.

Investors will now be looking towards Tuesday’s U.S. consumer price data, which will give a broad picture of the country’s economic recovery and set the tone for markets ahead of next week’s Federal Reserve meeting, ahead of the Federal Reserve’s meeting next week. The CPI is expected to have risen 0.4% in August month over month, according to a Dow Jones consensus estimate. On a year-over-year basis, CPI would then be up 5.4%, the same pace it was in July.

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