U.S. stock-index futures slipped Sunday, after Wall Street narrowly avoided its fourth straight weekly loss Friday.
Dow Jones Industrial Average futures YM00, -0.12% were last down about 100 points, while S&P 500 futures ES00, -0.15% and Nasdaq-100 futures NQ00, -0.12% declined.
After a volatile week, stocks ended on a high note Friday. The S&P 500 index SPX, +2.43% rose 2.4% to 4,431.85; the Dow Jones Industrial Average DJIA, +1.65% gained 1.7%, or 565.69 points, to 34,725.47; and the Nasdaq Composite Index COMP, +3.13% closed up 417.79 points, or 3.1%, at 13,770.57. Markets were roiled last week as investors weighed rising inflation, expected Fed rate hikes, quarterly earnings and the ongoing pandemic.
For the week, the Dow booked a gain of 0.8%, the S&P 500 index climbed 1.3% and the Nasdaq finished up 0.01% higher. Despite the slight gains, the Dow and S&P 500 are on track for their worst months since March 2020, and the Nasdaq is on pace for its worst month since October 2008. Crude oil prices CLH22, +1.45% BRNH22, +1.44% gained Sunday, while bitcoin BTCUSD, -2.39% and other major cryptocurrencies were little changed amid a monthlong slump.
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