US Futures turn positive overnight as market readies for stimulus, big earnings week  |  Photo Credit: Representative Image
US stocks finished mixed on Friday after both S&P 500 and Dow finished in the red but the Nasdaq scaled record high levels. All three benchmarks posted again for the week.
The move was supported by a $1.9 trillion stimulus program and Big Tech earnings. US Futures were modestly higher in overnight trading on Sunday. Wall Street prepared for the busiest week of earnings as some of the largest tech companies in the world are due to report earnings. Dow futures gained 56 points, indicating a 73-point jump at the open. S&P 500 futures advanced 0.2%. Nasdaq 100 futures rose 0.28%
Stocks in the Asia Pacific were mixed Monday morning. The Nikkei 225 slipped 0.12% and hovered around the flat line. The Topix index was below the flatline. The Kospi advanced 0.46% in early trade. Shares in Australia edged higher, with the S&P/ASX 200 up 0.17%
European markets pulled back Friday as Business activity in the eurozone fell to a two-month low in January. The pan-European Stoxx 600 slipped 0.6% by the close. The travel and leisure stocks dropped 2.5% to lead losses. This came after EU govt’s announced further travel restrictions
Oil prices fell on Friday. Brent crude futures declined 60 cents, or 1.1%, to $55.50 a barrel. US WTI crude futures fell settled 86 cents, or 1.6%, lower at $52.27 per barrel. As of Monday morning, WTI was up 4 cents to $52.31 per barrel and Brent was flat