Futures Indicate Recovery from Worst Week Since October



Stock futures were higher on Monday as the market attempted to rebound from the Dow Jones Industrial average’s worst week since October.

Futures for the 30-stock index jumped 159 points, or 0.5%, to 33,314.

Futures for the S&P 500 were higher 13.5 points, or 0.3%, to 4,167.

Futures for the NASDAQ Composite improved 32.75 points, or 0.2%, to 14,067.75.

The Dow dropped 3.5% last week, while the S&P 500 sank 1.9%, and the NASDAQ dipped 0.2% on the week.

A broad group of stocks were higher in pre-market trading. Commodity stocks that were hit hard last week were rebounding, including Exxon and Chevron up about 1% apiece in pre-market trading. Reopening plays including Royal Caribbean and Boeing were slightly higher. Banks also looked set to rebound.

What’s more, large tech companies including Alphabet and Tesla gained in pre-market trading.

Overseas, in Japan, the Nikkei 225 stumbled 3.3%, while in Hong Kong, the Hang Seng index faltered 1.1%.

Oil prices recovered six cents to $71.70 U.S. a barrel.

Gold prices hiked $14.20 to $1,783.20U.S.