U.S. stock-index futures recovered from early-session losses Sunday, after Wall Street narrowly avoided its fourth straight weekly loss Friday.
After falling more than 100 points earlier in the overnight trading session, Dow Jones Industrial Average futures
YM00,
-0.49%
were last in positive territory, up about 50 points by midnight Eastern, while S&P 500 futures
ES00,
-0.22%
and Nasdaq-100 futures
NQ00,
+0.34%
turned around early-session losses into gains as well.
After a volatile week, stocks ended on a high note Friday. The S&P 500 index
SPX,
+2.43%
rose 2.4% to 4,431.85; the Dow Jones Industrial Average
DJIA,
+1.65%
gained 1.7%, or 565.69 points, to 34,725.47; and the Nasdaq Composite Index
COMP,
+3.13%
closed up 417.79 points, or 3.1%, at 13,770.57.
Markets were roiled last week as investors weighed rising inflation, expected Fed rate hikes, quarterly earnings and the ongoing pandemic.
For the week, the Dow booked a gain of 0.8%, the S&P 500 index climbed 1.3% and the Nasdaq finished up 0.01% higher. Despite the slight gains, the Dow and 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
CLH22,
+0.50%
BRNH22,
+1.07%
gained Sunday, while bitcoin
BTCUSD,
-1.98%
and other major cryptocurrencies continued their slump.