World Market

 Stock futures fall as Wall Street tries to recover from 3-week losing streak

U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.

Dow Jones Industrial Average futures were down by 56 points, or 0.2%. S&P 500 futures slipped 0.2% and Nasdaq 100 futures traded 0.1% lower. 

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.

Equities in Asia were set for a softer start after a dip on Wall Street on Friday, while U.S. stock futures slipped as trading began for the week. The offshore yuan edged higher. Currencies elsewhere saw small moves, with the dollar largely steady against its main G-10 peers. Japan’s equity market is shut for a holiday and cash Treasuries won’t trade until the London open. Stock futures signaled modest declines in Australia and Hong Kong. Crude oil retreated. Investors remain watchful for any signs of progress on a U.S. fiscal stimulus package, while Federal Reserve Chair Jerome Powell will testify before Congress from Tuesday to Thursday to discuss pandemic relief efforts. Covid-19 cases in the U.S. steadied as deaths approached 200,000 and over in the U.K., the Health Secretary said the country is at a “tipping point.”