Stock futures rise slightly after Dow posts third straight losing week: Live updates
Wall Street is coming off a mixed week for the major averages.
TL;DR
- U.S. stock futures rose early Monday, following a third straight losing week for the Dow Jones Industrial Average.
- The latest escalation in Middle East hostilities, including Houthi attacks on Saudi Arabia and U.S. travel warnings, impacted markets.
- The Dow fell 1.7% last week, while the S&P 500 was down about 0.1%, and the Nasdaq gained 0.7%.
- Asian markets showed mixed trading, with gains in China and Hong Kong, while Japan was closed for a holiday.
- The Federal Reserve recently hiked interest rates for the first time in three years to combat inflation.
- Oil prices remain near $100 a barrel, and the 10-year Treasury yield is close to 5%.
- A key summit between U.S. President Donald Trump and Chinese President Xi Jinping is scheduled, addressing tariffs, critical minerals, and AI.
- Gold prices were lower, influenced by interest rate hikes and monitored alongside falling oil prices.