US stock-index futures recovered from early session losses on Sunday, after Wall Street avoided its fourth straight weekly loss on Friday.
After falling more than 100 points earlier in the overnight trading session, Dow Jones Industrial Average futures YM00 were in positive territory, -0.12%, up nearly 50 points as of midnight Eastern, while S&P 500 futures ES00, -0.06% and Nasdaq - 100 Futures NQ00, 0.20% even converted early session losses into gains.
Shares closed higher on Friday after a week of volatility. S&P 500 index SPX, up +2.43% 2.4% to 4,431.85; The Dow Jones Industrial Average (DJIA) rose +1.65% 1.7%, or 565.69 points, to 34,725.47; And the Nasdaq Composite Index comp, up +3.13% by 417.79 points, or 3.1%, at 13,770.57.
Markets rallied last week as investors weighed in on rising inflation, Fed rate hikes, quarterly earnings, and the ongoing pandemic.
For the week, the Dow posted a 0.8% gain, the S&P 500 index climbed 1.3% and the Nasdaq closed up 0.01%. Despite modest gains, the Dow and the S&P 500 are on track for their worst months since March 2020, and the Nasdaq is on pace for its worst month since October 2008.
Crude oil prices were up CLH22, 0.99% BRNH22, +0.97% on Sunday, while Bitcoin BTCUSD, -1.42%, and other major cryptocurrencies continued to decline.
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