By Mike Murphy
U.S. stock-index futures made solid gains Sunday, following the worst week on Wall Street since March 2020.
Dow Jones Industrial Average futures /zigman2/quotes/210407078/delayed YM00 +0.0031% rose about 200 points Sunday evening, while S&P 500 futures /zigman2/quotes/209948968/delayed ES00 -0.09% and Nasdaq-100 futures /zigman2/quotes/210219788/delayed NQ00 -0.32% each advanced nearly 1%.
On Friday, The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.95% lost 84.79 points, or 1.9%, to close at 4,397.94, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.60% shed 450.02 points, or 1.3%, to 34,265.37, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.51% gave up 385.10 points, or 2.7%, breaking the 14,000 level to close at 13,768.92.
For the week, the Nasdaq slumped 7.6%, its worst performance since the week ending March 20, 2020. The S&P 500 fell 5.7%, also for its steepest such fall since March 2020, and the Dow dropped 4.6%, its worst since Oct. 30, 2020.
The upcoming week will see a number of quarterly earnings reports from big-name companies, including IBM /zigman2/quotes/203856914/composite IBM +0.44% , Microsoft /zigman2/quotes/207732364/composite MSFT +1.12% , Tesla /zigman2/quotes/203558040/composite TSLA +4.88% and Apple /zigman2/quotes/202934861/composite AAPL +0.11% . The Federal Reserve will also meet Tuesday and Wednesday , where policy makers are expected to lay the groundwork for raising interest rates, likely in March.