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Stock futures rose slightly on Monday, with the Dow Jones Industrial Average riding a seven-day losing streak into a week highlighted by a key central bank meeting.
Futures for the 30-stock average gained 84 points, or 0.2%, to 44,421.
Futures for the S&P 500 moved up 18 points, or 0.3%, to 6,144
Futures for the tech-heavy NASDAQ jumped 112 points, or 0.5%, to 22,194.
The stock market is coming off a sluggish week. The Dow lost 1.8% last week and has lost ground in each of the last seven sessions. The S&P 500 dipped 0.6%, and has retreated in four of the past five sessions. The NASDAQ Composite outperformed, grinding out a gain of 0.3% for the week.
After a broad rally following President-elect Donald Trump’s November win, the stock market appears to have reverted to a narrow tech-led move in recent days.
The main draw of this week is the Federal Open Market Committee’s meeting on Tuesday and Wednesday, when Federal Reserve officials are widely expected to lower the benchmark interest rate again.
On Monday, investors will get some updated economic data, with preliminary purchasing managers index readings due out before the bell.
And on the individual stock level, shares of MicroStrategy could be on the move after the bitcoin proxy was announced as a new addition to the NASDAQ 100 index.
In Japan, the Nikkei 225 lost 13 points Monday, while in Hong Kong, the Hang Seng fell 0.9%
Oil prices shed 59 cents to $70.70 U.S. a barrel.
Gold prices slid $3.90 to $2,679.70 U.S. an ounce.
