By Oliver Gray
Investing.com - U.S. Stock futures moved higher in overnight trade on Sunday after retreating from fresh all-time highs touched last week, with all three major benchmarks posting the 6 th consecutive month of gains in July as weaker than local expected data, surging infections of the coronavirus Delta variant and a dovish Federal Reserve bolstered appetites for riskier assets.
On Friday, the Dow fell 149.06 points or 0.42% to 34935.48, the S&P 500 dipped 23.87 points or 0.54% to 4395.27, the Nasdaq Composite retreated 105.59 points or 0.71% to 14672.68, while lifting 1.3%, 2.3% and 1.2% respectively for the month.
Among last week’s data, the preliminary U.S. GDP reading for Q2 came in well below expectations, while the core personal consumption expenditures price index accelerated slightly slower than forecasts.