The four-week losing streak for the stock market's main benchmark, the DOW Jones Industrial Average, continued on Sunday night as investors worried about rising interest rates. Major tech companies such as Apple and Amazon are expected to report earnings this week.
S&P 500 futures fell 36 points, or 1%. The S&P 500 futures were little changed and the Nasdaq 100 futures were little changed.
Friday's selloff was the worst day for the stock market in over a year. The S&P 500 fell to its lowest point since March. The index dropped by 2.5%.
The major averages fell for the fourth week in a row last week, with the major averages falling 1.9% for the week. The S&P 500 and the Nasdaq dropped for the third week in a row.
Jonathan Krinsky said that there has been severe damage in the market and that money has been moving into defensive areas.
According to a Wall Street Journal report, unnamed sources said that investors will be watching the re-examining of the takeover bid by Musk.
This week will be the busiest of corporate earnings season. All eyes will be on reports from big tech companies, including Amazon, Apple and Microsoft, this week, as 160 companies in the S&P 500 are expected to report earnings.
Coca-Cola is expected to report before the bell on Monday with a management call. Time. Other companies that will report on Monday include Zions Bancorp.
A key measure of inflation is expected this week. Friday is when the personal consumer expenditures index will be released. The core PCE increased in February.
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