U.S. Stock Futures Traded Slightly Higher
U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to build on the momentum from last week’s solid performance. Dow Jones Industrial Average futures rose 42 points higher, or 0.2%. S&P 500 futures gained 0.1% and Nasdaq-100 futures advanced 0.4%.
Wall Street was coming off strong gains after a shortened trading week due to the July Fourth holiday. The Dow and S&P 500 rose 3.3% and 4%, respectively, last week and the Nasdaq advanced 4.6% in that time.
The market also wrapped up last week its best quarterly performance in decades. The Dow rallied more than 17% for the second quarter while the S&P 500 jumped nearly 20% in that time period. The Nasdaq posted a gain of 30.6% for the quarter.
Sunday’s gains we’re kept in check, however, as the number of coronavirus cases kept surging globally, raising concerns about the world economy and its recovery from the pandemic. Read more…………..
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