Breaking News

Market Snapshot: U.S. stocks set to bounce higher after last week’s drop

U.S. stock futures rose relatively Monday, suggesting the fairness market could rally following remaining week’s pullback.

What are the main benchmarks doing?

Dow Jones Industrial Average futures YMU8, +0.31%  tacked on 86 issues, or 0.3%, to 26,045, whilst S&P 500 futures ESU8, +0.34% gained 9.80 issues, or 0.3%, to 2,884.50. Nasdaq-100 futures NQU8, +0.51% advanced by 36.75 issues, or 0.5%, to 7,475.25.

On Friday, the Dow DJIA, -0.31% , S&P 500 SPX, -0.22% and Nasdaq Composite COMP, -0.25% finished decrease for the consultation and notched weekly losses, with the S&P and Nasdaq shedding 1% and a couple of.6%, respectively.

The three gauges are showing year-to-date gains ranging from four.eight% to 14%.

What’s using markets?

Trade tensions between the U.S. and its companions have put drive on international markets in recent months, although for American equities that has been offset by strong readings at the U.S. financial system.

A concern as the week kicks off is President Donald Trump’s tweet over the weekend urging Apple Inc. AAPL, -0.81% to transport its manufacturing to the U.S., a remark that helped put some drive on Asian tech shares.

What are strategists saying?

“U.S. markets look set for a modest rebound at the open after remaining week’s selloff, despite the ratcheting up of industry tensions by the President Trump over the weekend,” said Michael Hewson, chief market analyst, at CMC Markets UK in a word.

Which shares are in focus?

Shares in Apple have been more or less flat premarket within the wake of Trump’s comments on moving factories.

Shares in Alibaba Group Holding Ltd. BABA, +1.56%   fell 1% in premarket action following news that mogul Jack Ma said he would step down as govt chairman of the Chinese e-commerce giant in a 12 months.

CBS Corp.’s stock CBS, +2.98%  may be in focus after Les Moonves, the longtime chairman and CEO, resigned Sunday following new sexual misconduct allegations towards him from six further girls.

Providing crucial data for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up right here.

Victor Reklaitis is a London-based markets writer for MarketWatch. Follow him on Twitter @VicRek.

We Want to Hear from You

Join the conversation