U.S. stock futures indicated a lower start for Wall Street on Monday, as global stocks failed to join a rally that came late last week on the heels of a multi-session rout that left major indexes at their worst weekly finishes since March.
Investors were also waiting for retail sales data and earnings from financials such as Bank of America.
Dow Jones Industrial Average futures were down 176 points, or 0.7%, to 25,135, while S&P 500 futures fell 20.65 points, or 0.8%, to 2,747.75. Nasdaq-100 dropped 78 points, or 1%, to 7,094.50.
On Friday, the Dow Jones Industrial Average finished the day up 287.16 points, or 1.2%, to 25,339.99, in whipsaw trading. The S&P 500 rose 1.4% to 2,767.13, snapping a six-day losing streak that marked its longest such streak since a nine-day drop that ended in November 2016. The Nasdaq Composite Index rose 2.3%, in its best daily performance since March 26.
But for the week, the Dow is down 4.2%, the S&P lost 4.1% and the Nasdaq fell 3.7%, representing their worst weekly performances since March.
Source : Market Watch