Following the worst week for stocks in more than two years, stocks futures are pointing to a higher start for this holiday shortened trading week. Markets will be closed at the end of the week for Good Friday.
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Dow Jones futures were rising by 0.87%. The S&P 500 added 1.01% and the Nasdaq Composite was up 1.28%.
Last week, stocks continued to retreat while investors weigh the impact of tariffs and higher interest rates.
The Dow Jones Industrial Average tumbled 424.69 points, or 1.77%, to 23,533.20. The S&P 500 fell 55.43 points, or 2.1%, to 2,588.26. The Nasdaq Composite was down 174.01 points, or 2.43%, at 6,992.67.
Asian markets continued to decline on concerns of a potential trade war between the U.S. and China.
Japan’s Nikkei trimmed early losses but were still down 0.4%.
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China and Hong Kong stocks extended declines.
The Shanghai Composite index was down 1.73%.
Hong Kong’s Hang Seng Index was down 0.77%.
European markets opened higher.
London’s FTSE was up 0.2%. France’s CAC traded higher by 0.2% and Germany’s DAX was up 0.3%.
This week’s U.S. economic calendar includes, the Case-Shiller report on home prices, consumer confidence, 4Q GDP, pending home sales and personal income and spending.
