5 things to know before the stock market opens Monday

SectorFinancial Markets

1. Stock futures lower as investors eye rise in Covid cases U.S. stock futures were lower Monday morning, with futures implying an opening decline of more than 400 points.

Futures for the and also were firmly in the red, as investor concerns intensified about the economic implications of a resurgence of Covid cases. Stocks that benefit from a Covid recovery such as cruise companies led the premarket losses. The move in futures follows negative weeks for all three major U.S. stock indexes, breaking three-week win streaks for each. The tech-heavy Nasdaq was the underperformer, declining 1.87% last week. The 30-stock Dow fell 0.52%, while the broad S&P 500 lost 0.97%. The 10-year Treasury yield, which moves inversely to prices, also was lower Monday, . The yield on the benchmark note has declined in recent months, after touching 1.7% in mid-May. Wall Street will get further insight into the U.S. economic recovery this week thanks to another batch of corporate earnings...read more...