Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months. Futures on the Dow Jones Industrial Average gained about 220 points, while the S&P 500 futures added 0.5 percent. Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses in Amazon, Apple, Microsoft and Facebook — 2020′s market leaders — drove the tech-heavy Nasdaq Composite down 3.3 percent to suffer its worst week since March 20. The Dow and the S&P 500 fell 1.8% and 2.3 percent last week, respectively, posting their biggest weekly losses since June.

Source: The Standard September 08, 2020 00:56 UTC