Stock futures gain as Wall Street looks to snap 8-week losing streak

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US stock-index futures gained late Sunday, after Wall Street last week to sank is longest losing streak since 1932.

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Dow Jones Industrial Average futures YM00,
+0.63%
were recently up about 200 points, or 0.7%, while S&P 500 futures ES00,
+0.81%
and Nasdaq-100 futures NQ00,
+1.00%
posted gains closer to 1% Crude prices CL.1,
-0.19%,
Meanwhile, slipped slightly in electronic trading.

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Last week, the three major indexes declined for the eighth straight week, the longest such streak since April 1932, according to Dow Jones Market Data.

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On Friday, the Dow DJIA,
+0.03%
edged up 8.77 points, or less than 0.1%, to close at 31,261.90, while the S&P 500 SPX,
+0.01%
added less than 1 point to finish nearly flat at 3,901.36, after earlier trading in bear-market territory. The Nasdaq Composite Comp,
-0.30%
fell 33.88 points, or 0.3%, to end at 11,354.62, its lowest close since Nov. 3, 2020.

For the week, the Dow fell 2.9%, the S&P 500 dropped 3.1% and the Nasdaq slid 3.8%.

Investors are looking ahead to a number of major earnings reports this week, including Zoom Video Communications Inc. ZM,
-1.32%,
Nvidia Corp. NVDA,
-2.51%,
Costco Wholesale Corp. COST,
-1.54%
and Macy’s Inc. M,
-6.20%,

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Credit: www.marketwatch.com /

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