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Stock futures rise after Dow, S&P 500 post losing week

Added 05-24-21 06:02:02am EST - “U.S. stock index futures rose early Monday, with Dow futures up 156 points.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Stock futures rise after Dow, S&P 500 post losing week”. Below is an excerpt from the article.

U.S. stock index futures traded higher early Monday, after the S&P 500 posted its second negative week in a row the previous week.

Futures contracts tied to the Dow Jones Industrial Average rose 156 points. S&P 500 futures added 0.48%, while Nasdaq 100 futures were up 0.49%.

The previous week saw the Dow post its fourth negative week in five, while the S&P registered two straight weeks of losses for the first time since February. The Nasdaq Composite, meanwhile, gained 0.31% last week, snapping a four-week losing streak.

Despite the tech-heavy index’s weekly gain, however, the Nasdaq Composite finished Friday’s session in the red as bitcoin prices once again moved lower, putting pressure on the broader technology sector.

The cryptocurrency’s sell-off continued on Sunday, with bitcoin dropping around 16% to under $32,000, according to data from Coin Metrics. On Wednesday, bitcoin prices tumbled to just above $30,000, dropping to the lowest level since late January.

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