Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading.
The futures tied to the Industrial Average fell. The S&P 500 futures fell 0.6%, while the Nasdaq 100 lost 0.7%.
The S&P 500 lost 0.21% and the Dow lost 0.24% last week. It was the fifth week in a row that the other two major indexes had lost.
The cumulative moves for the week were not out of the ordinary, but some of the day-to-day swings were eye-popping. The best day for the index since 2020 was on Wednesday, but it was erased on Thursday.
The Federal Reserve Chair said the central bank was not considering a 75-basis-point rate hike. After that comment, stocks and bonds rallied.
David Tepper told CNBC that Powell's statement was an unforced error that contributed to market volatility.
There are several notable reports before the opening bell on Monday, including Palantir and vaccine-makers BioNTech and Novovax.
Sources told CNBC that Ford was going to sell 8 million shares in Rivian over the weekend.
The war in Ukraine will be watched by investors. On Sunday, the first lady of the U.S. made a surprise visit to the country. As the war with Russia nears the three-month mark, the U.S. and Group of Seven countries announced that they would increase short-term financial support for Ukraine.
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