By Mike Murphy
U.S. stock-index futures gained late Sunday, after Wall Street last week sank to is longest losing streak since 1932.
Dow Jones Industrial Average futures /zigman2/quotes/210407078/delayed YM00 -0.26% were recently up about 170 points, or 0.5%, while S&P 500 futures /zigman2/quotes/209948968/delayed ES00 -0.29% and Nasdaq-100 futures /zigman2/quotes/210219788/delayed NQ00 -0.34% posted gains closer to 1%. Crude prices /zigman2/quotes/211629951/delayed CL.1 +0.41% , meanwhile, gained slightly in electronic trading.
On Friday, the Dow /zigman2/quotes/210598065/realtime DJIA +1.05% edged up 8.77 points, or less than 0.1%, to close at 31,261.90, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.06% added less than 1 point to finish nearly flat at 3,901.36, after earlier trading in bear-market territory. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.90% 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%. The Dow has fallen for an eighth straight week, while the S&P 500 and Nasdaq both fell for seven straight weeks.
Investors are looking ahead to a number of major earnings reports this week, including Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM +2.78% , Nvidia Corp . /zigman2/quotes/200467500/composite NVDA -4.20% , Costco Wholesale Corp. /zigman2/quotes/201191698/composite COST +1.35% and Macy’s Inc. /zigman2/quotes/201854387/composite M -1.91% .