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Banks, travel stocks set to lead Wall Street higher

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U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's ...

REUTERS: Wall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.

Wall Street's main indexes ended higher on Friday, helped by technology stocks, but the Dow Jones and the benchmark S&P 500 indexes posted their fourth straight weekly decline - the longest such streak since August 2019. "All of this data reminds investors that we're not headed for a new bear market or a new recession," Stovall said.

 

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