U.S. stock futures little changed after Dow, S&P 500 fall from their highs
09 Aug 2021
Traders on the floor of the New York Stock Exchange.
U.S. stock futures were little changed on Monday night after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading amid concerns about a resurgence in Covid-19 cases.
Dow Jones Industrial Average futures rose 22 points, or 0.06%. S&P 500 and Nasdaq 100 futures ticked up 0.05% and 0.02%, respectively.
During regular trading, the Dow fell 106.66 points to 35,101.85, or 0.3%. The S&P 500 traded down 0.1% at 4,432.35. The Nasdaq Composite rose 0.16% to 14,860.18.
Energy stocks led the declines after oil prices fell 4% amid fears that a wave of Covid cases could lead to a demand slowdown. Recovery plays including Norwegian Cruise Line and United Airlines were down as well.
Treasury yields rose, however, following data released by the Labor Department that showed job openings jumped to 10.1 million for the month of June, versus the 9.1 million expected by economists.
The price of bitcoin Monday jumped 5%, its highest price since May, after gold fell 5%.
AMC‘s stock jumped 6.7% after releasing its earnings report Monday after hours, reporting a lower loss than expected. The company also announced it would begin accepting bitcoin at all U.S. locations this year.
Investors await the consumer price index and producer price index data, both of which measure inflation and are scheduled to come out Wednesday and Thursday, respectively. A handful of central bank speakers, including Chicago Fed President Charles Evans and Kansas City Fed President Esther George, are also expected this week. Investors will be listening for clues on how the Fed is approaching dialing back its bond purchases.