US stock Futures have crept up on Monday night as investors stabilize after weekly losses amid AI disruption fears. Dow Jones and S&P500 climbed up by 0.2% while NASDAQ 100 remained flat
YahooFinance- US stock futures crept up on Monday night as investors focused on stabilizing after back-to-back weekly losses for the broader market.
Futures associated with the S&P 500(ES=F) climbed up by 0.2%, and Dow Jones Industrial Average Futures(YM=F) increased by 0.2%. while Contracts on the NASDAQ 100(NQ=F) remained near the flatline.
Stocks are moving towards a shortened week after the closure of the US markets on Monday in observance of Presidents’ Day. Dow Jones Industrial Average(DJI) and S&P 500(GSPC)dropped by more than 1% during the previous week. While tech-intensive NASDAQ Composite(IXIC) fell by more than 2%, which is its fifth weekly drop in a row and its longest losing streak since 2022.
The S&P 500 and Dow have now dropped in four of the past five weeks. Losses are attributed to AI worries and its ability to disrupt various industries, ranging from transportation and wealth management to logistics.
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A report released Friday showed January inflation rates were much cooler than previous expectations, but fears about economic growth and larger-scale sector disruption are overshadowing this positive news. Consumer Price Index (CPI) numbers came in below what people originally thought they would be, which gives some temporary relief from price pressure.
This week, investors will be looking for more insight into inflation through the release of the Personal Consumption Expenditures (PCE) Index, which is also scheduled to be released on Friday next week.
In addition to CPI/PCE releases, investors have some other data to look forward to: Wednesday’s minutes from the Fed’s last monetary policy meeting and possible news on a “loyalty pledge” signed by Kevin Warsh (Donald Trump’s selected candidate to be the next Chair of the Fed).
Also, many corporations, such as Walmart (WMT), DoorDash (DASH), and Molson Coors (TAP), all have earnings reports set for throughout this week.
