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Futures retreat as focus turns to corporate earnings

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U.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for ...

U.S. stock index futures declined more than 1per cent on Monday after a strong rally last week, with investors bracing for the earnings season for further evidence of the coronavirus-led damage to Corporate America.

The S&P 500 had fallen nearly 35per cent from its mid-February record highs, but an unprecedented U.S. fiscal and monetary stimulus and early signs the outbreak could be peaking have helped it recover about 27per cent.The benchmark index ended a holiday-shortened week on Thursday with its biggest weekly percentage gain in more than four decades as the Federal Reserve rolled out trillions of dollars to backstop businesses.

 

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