Dow futures up 180 points as stocks look to add to record levels

SourceCNBC
SectorFinancial Markets
CountryMiddle east

Pedestrians walk in snow past the Wall Street subway station near the New York Stock Exchange. Futures contracts tied to the major U.S. stock indexes rose in extended trading Monday evening after finishing strong last week. Dow futures rose 180 points, suggested an implied open of about the same magnitude, while S&P 500 contracts added 19.25 points, or 0.5%. Nasdaq 100 futures gained 67.5 points, or 0.5%. The U.S. stock market was closed on Monday for Presidents Day. The major averages finished last week with decent gains even as February's rally appeared to cool off somewhat.

The blue-chip Dow Jones Industrial Average posted two little changed days, while the S&P 500 swung within 0.2% for three days in a row. Still, the S&P 500 finished the week with a gain of 1.2%, while the Dow added 1%. The tech-heavy Nasdaq Composite rose 1.7%. All three closed at record levels on Friday. Stock strategists say the rollout of the Covid-19 vaccine, economic reopening and expectations for more fiscal stimulus...read more...