U.S. stock-index futures Monday morning headed solidly lower to start the week, ahead of a fresh round of high-level tariff negotiations between Beijing and Washington, scheduled to begin in earnest Oct. 10-11. The prospects of upbeat negotiations, however, appear unlikely given the reports that China is advocating for a limited trade agreement.
How are benchmarks performing?
Futures for the Dow Jones Industrial Average YMZ19, -0.23% were down 129 points, or 0.5%, at 26,396, those for the S&P 500 index ESZ19, -0.16% were off 14.75 points, or 0.5%, to 2,936.25, while Nasdaq-100 futures NQZ19, -0.11% retreated 40.25 points, or 0.5%, at 7,727.25.
On Friday, the Dow DJIA, +1.42% rose 372.68 points, or 1.42%, to 26,573.72, the S&P 500 index SPX, +1.42% added 41.38 points, or 1.42% to 2,952.01 while the Nasdaq Composite COMP, +1.40% advanced 110.21 points, or 1.4%, to 7,982.47.
Last week, the Dow lost 0.92% for a third weekly decline, while the S&P 500 ended 0.33% lower also posting a third-down week, but the Nasdaq managed a gain of 0.54% snapping a two-week losing streak.
What’s driving the stock market?