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U.S. stock-index futures made solid gains Sunday, following the worst week on Wall Street since March 2020.
Dow Jones Industrial Average futures YM00, +0.57% rose about 200 points Sunday evening, while S&P 500 futures ES00, +0.68% and Nasdaq-100 futures NQ00, +0.81% each advanced nearly 1%.
On Friday, The S&P 500 SPX, -1.89% lost 84.79 points, or 1.9%, to close at 4,397.94, while the Dow Jones Industrial Average DJIA, -1.30% shed 450.02 points, or 1.3%, to 34,265.37, and the Nasdaq Composite Index COMP, -2.72% gave up 385.10 points, or 2.7%, breaking the 14,000 level to close at 13,768.92.
For the week, the Nasdaq slumped 7.6%, its worst performance since the week ending March 20, 2020. The S&P 500 fell 5.7%, also for its steepest such fall since March 2020, and the Dow dropped 4.6%, its worst since Oct. 30, 2020.
The upcoming week will see a number of quarterly earnings reports from big-name companies, including IBM IBM, -1.12%, Microsoft MSFT, -1.85%, Tesla TSLA, -5.26% and Apple AAPL, -1.28%. The Federal Reserve will also meet Tuesday and Wednesday, where policy makers are expected to lay the groundwork for raising interest rates, likely in March.
Source: This post first appeared on http://marketwatch.com/
