By Oliver Gray
Investing.com - U.S. stock index futures were trading steady during overnight trading on Monday, following a mostly positive session that saw two of the major benchmark indices snapping a five day losing streak with investor sentiment receiving a boost as coronavirus infection rates began to decelerate across the country.
During regular trade on Monday, the Dow gained about 261.91 points or 0.76% to 34869.64, the S&P 500 advanced 10.15 points or 0.23% to 4468.72. Meantime, the Nasdaq Composite slipped 9.91 points or 0.07% to 15105.58, posting its fourth straight negative session.
On the bond markets, the yield on U.S. 10-year Treasury notes was down at 1.324%.
Investors will now be looking towards Tuesday’s U.S. consumer price data, which will give a broad picture of the country’s economic recovery and set the tone for markets ahead of next week’s Federal Reserve meeting. The CPI is expected to have risen 0.4% in August month over month, according to a Dow Jones consensus estimate. On a year-over-year basis, CPI would then be up 5.4%, the same pace it was in July.