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U.S. Stock Futures Move Higher After First Losing Week in Six

Stock MarketsNov 15, 2021 10:01
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© Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were higher in early APAC deals on Monday, after major benchmark indices finished slightly lower last week, their first losing week in six as market participants digested local data, with annual inflation rising a 31 year high last Wednesday, while consumer sentiment dropped to its lowest in a decade.

During Friday’s session, The Dow Jones Industrial Average rose 179.08 points, or 0.5%, to close at 36,100.31. The S&P 500 gained 33.6 points or 0.72% to 4,682.85. The Nasdaq Composite rallied 156.68 points or 1% to 15,860.96. For the week, The Dow fell 0.6%, the S&P 500 dipped 0.3% and the Nasdaq Composite traded down about 0.7%.

 Dow Jones 30 Futures added 0.08%, S&P 500 Futures lifted 0.82% and Nasdaq 100 Futures were up 1.11%.

Among stocks, Tesla Inc (NASDAQ:TSLA) eased 2.83% during Friday's regular session after Elon Musk sold a combined $US6.9 billion worth of shares throughout the week. Johnson & Johnson (NYSE:JNJ) saw its shares rise 1.2% as it announced plans Friday to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. Tech giants also lifted as Facebook-parent Meta Platforms Inc (NASDAQ:FB) rallied 4.01%. Apple (NASDAQ:AAPL) added 1.43%, Alphabet Inc Class A (NASDAQ:GOOGL) gained 2%, Microsoft (NASDAQ:MSFT) lifted 1.29% and Amazon (NASDAQ:AMZN) traded 1.52% higher.

On the bond markets, United States 10-Year rates were at 1.566%.

Among data, Consumer sentiment in early November dropped to the lowest reading since 2011 amid heightened inflation fears, while JOLTs Job Openings showed that the number of workers leaving their jobs voluntarily rose by 4.4 million in September, a record since the data become available in 2000.

U.S. Stock Futures Move Higher After First Losing Week in Six
 

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