Dow futures rise slightly as Wall Street tries to build on its best week since June
Let us tell you that US stock futures increased slightly on Monday,
The main reason for this is that traders tried to add to the sharp gains seen last week.
Let us tell you that futures linked to the Dow Jones Industrial Average rose 91 points, or 0.3%.
While the S&P 500 futures and Nasdaq 100 futures rose 0.3% and 0.1%, respectively.
The moves come after another volatile week for stocks as the third quarter earnings season heats up.
The key average had its biggest weekly gain since June, with the Dow up 4.9%. The S&P 500 and Nasdaq rose 4.7 percent and 5.2 percent, respectively.
Let us tell you that part of those gains came on Friday, when the Dow climbed over 700 points,
While the S&P 500 and Nasdaq each moved up around 2.3%.
David Donbadian said in Friday's note, “The equity market is trying to form a bottom to reach the last leg of the bear market.