U.S. stocks attempt to find footing after third straight weekly pullback

U.S. stock futures moved higher early Monday, attempting to find their footing after a third-straight losing week attributed to a surge in bond yields and worries about China’s economy that have been amplified by worries over the country’s property sector.

What’s driving markets Futures are striving to find their footing as Wall Street comes off a three-week losing streak. The rising borrowing costs have been a particular problem for some of the big technology stocks that tend to lead the market, according to Innes. However, Tom Lee, head of research at Fundstrat, reckons the recent selloff will be halted at or before Federal Reserve Chairman Jay Powell makes a speech at the Jackson Hole symposium at the end of the week.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report.
Source: CNBC - 🏆 12. / 72 Read more »