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U.S. stock futures rose on Monday morning following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades.
Futures for the Dow Jones Industrials were hoisted 106 points, or 0.3%, early Monday to 31,593.
Futures for the S&P 500 advanced 17.75 points, or 0.5%, to 3,934.
Futures for the NASDAQ Composite index picked up 71.25 points, or 0.6%, to 12,211.75.
Those moves followed a major comeback week that saw the Dow jump more than 800 points, or 2.7%. The S&P 500 popped 3.1%, and the NASDAQ surged 3.3%.
The S&P 500 is up 7.5% since hitting a bear-market low in mid-June, although the benchmark is still off 19% from its high and 18% since the year began.
On the economic front, Wall Street is expecting the latest reading of durable goods orders to come out Monday before the bell.
Traders are also watching for the pending home sales report, which is expected at 10 a.m. ET on Monday.
In Japan, the Nikkei 225 jumped 1.4% Monday. In Hong Kong, the Hang Seng popped 2.4%
Oil prices gained 55 cents to $108.17 U.S. a barrel.
Gold prices increased $5.50 to $1,835.80 U.S. an ounce.
