Late-week stock bounce fizzles in Monday’s premarket

0
82

U.S. stock futures fell Monday after Friday’s strong rally. However, Friday’s gains of more than 1% for the Dow Jones Industrial Average and S&P 500 and over 2% for the Nasdaq were not enough to make up for sharp declines earlier last week. The Dow and S&P 500 saw weekly declines more than 1% each, while the Nasdaq sank over 2% in its worst weekly performances since February. The roller-coaster ride on inflation worries hit stocks early last week, with the Dow dropping 3.4%, the S&P 500 falling 4% and the Nasdaq plunging 5%. All three stock benchmarks made up some of those losses Thursday and Friday.

LEAVE A REPLY

Please enter your comment!
Please enter your name here