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May 23, 2022, 4:04 a.m. EDT

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

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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.

Read: Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern

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% .

/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 30,980.00
-81.00 -0.26%
Volume: 9,896
July 4, 2022 1:37a
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,816.00
-11.25 -0.29%
Volume: 60,238
July 4, 2022 1:37a
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/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 11,571.75
-39.50 -0.34%
Volume: 33,579
July 4, 2022 1:37a
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/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 108.87
+0.44 +0.41%
Volume: 20,917
July 4, 2022 2:37a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,127.85
+99.11 +0.90%
Volume: 4.11M
July 1, 2022 5:16p
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/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 110.97
+3.00 +2.78%
Volume: 2.80M
July 1, 2022 4:00p
P/E Ratio
26.92
Dividend Yield
N/A
Market Cap
$33.11 billion
Rev. per Employee
$621,398
loading...
/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 145.23
-6.36 -4.20%
Volume: 57.76M
July 1, 2022 4:00p
P/E Ratio
38.98
Dividend Yield
0.11%
Market Cap
$363.07 billion
Rev. per Employee
$1.31M
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/zigman2/quotes/201191698/composite
US : U.S.: Nasdaq
$ 485.76
+6.48 +1.35%
Volume: 2.66M
July 1, 2022 4:00p
P/E Ratio
38.26
Dividend Yield
0.74%
Market Cap
$215.17 billion
Rev. per Employee
$755,340
loading...
/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 17.97
-0.35 -1.91%
Volume: 12.84M
July 1, 2022 4:00p
P/E Ratio
3.42
Dividend Yield
3.51%
Market Cap
$4.85 billion
Rev. per Employee
$292,211
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