Dow Futures Trade Mixed Following Relief Rally

Dow Futures Trade Mixed Following Relief Rally

© Reuters
Dow Futures Trade Mixed Following Relief Rally

By Oliver Gray – U.S. stock futures were trading mixed during Monday’s evening deals, following a strong relief rally among major benchmark indices during the regular session as weaker than expected ISM manufacturing data came in weaker than expected, boosting expectations of further monetary policy support from the Federal Reserve.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures were down 0.1%, S&P 500 Futures were flat and Nasdaq 100 Futures added 0.1%.

In extended deals, Rivian Automotive Inc (NASDAQ:RIVN) added 6.2% and Hyperfine Inc (NASDAQ:HYPR) lifted 5.6%.

Ahead in Tuesday’s session, market participants will be closely monitoring fresh factory orders and JOLTs job openings data.

During Monday’s regular trade, the Dow Jones Industrial Average added 765.4 or 2.7% to 29,490.9, the S&P 500 rose 92.8 points or 2.6% to 3,678.4 and the NASDAQ Composite gained 239.8 points or 2.3% to 10,815.43.

On the bond markets, United States 10-Year yields were at 3.643%.

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