Stock index futures rose slightly, while the S&P 500 and Nasdaq fell for six straight days

Stock futures were higher on Sunday night as Wall Street looked to regain its position after a sharp selloff in technology companies.

Future S&P 500 Index up to 0.2% Nasdaq 100 futures 0.2% increase, while they Dow Jones Industrial Average An increase of 66 points or 0.2%.

this S&P 500 Index And Nasdaq Composite Index They fell 3.05% and 5.52% respectively last week, both falling for six straight days. The Nasdaq fell more than 2% on Friday as shares of chip giant Nvidia fell 10%.

this Dow ChemicalIts technology content is lower than the other two benchmark averages, with little change this week.

The stock market’s woes came as recent inflation data undermined hopes of multiple rate cuts from the Federal Reserve in 2024.

“Significant weekly losses the spy And QQ Rick Bensignor of Bensignor Investment Strategies said in a note to clients on Sunday, referring to major index funds:

There are several major economic releases this week, including GDP on Thursday and core inflation data on Friday.

Corporate earnings may also be a factor in the coming days, ie Tesla, Meta platform, American Airlines, Microsoft And the letter All set to report next week.