The U.S. stock futures fell on Sunday after a big rebound last week. The first half of the year has been the worst for stocks in decades.
S&P 500 futures fell 2.5%. The S&P 500 futures fell in the morning.
It was a big week for the stock market, with the index jumping more than 800 points. The S&P 500 was up 3.1%.
The major averages had their first positive week in five months. Last week, the blue chip index climbed 5.3%. The S&P 500 increased in value.
Market participants are trying to determine if the stock market has found a bottom or if it's just a bounce back from oversold conditions. The stock market could get a boost in the near term, as investors adjust their holdings for the end of the quarter.
Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, told CNBC that the equity market is likely to be in a go-nowhere fast mode for the foreseeable future.
Earnings are both a bright spot and a wild card as inflation is running hot, sentiment is subdued, and liquidity is evaporating. Sandven said that it means that we are in a sideways trend for a while.
The latest reading of durable goods orders is expected to come out on Monday.
The pending home sales report is scheduled to be released at 10 a.m. The time is on Monday.
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