(MENAFN- Baystreet.ca) Futures Fall After Huge Week
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Stock futures traded lower Monday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data.
Futures for the Dow Jones Industrials let go of 31 points, or 0.1%, to 33,732.
Futures for the S&P 500 declined 8.75 points, or 0.2%, to 3,991.50. The S&P 500 rallied 5.9% last week for its best week since June.
Futures for the NASDAQ Composite subtracted 53.5 points, or 0.5%, to 11,794.
The tech-heavy NASDAQ gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%.
Meanwhile, the third-quarter earnings season is set to continue, with a heavy emphasis on retail. Big retailers Walmart, Home Depot, Target, Lowe's, Macy's and Kohl's are all slated to post numbers this week.
In Japan, the Nikkei 225 regressed 1.1% Monday, while in Hong Kong, the Hang Seng Index popped 1.7%.
Oil prices fell 77 cents to $88.19 U.S. a barrel.
Gold prices were down $3.20 to $1,766.20 U.S. an ounce.
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