Investors may be having second thoughts about Friday’s big stock market rally.
U.S. stock futures were pointing down ahead of the opening bell Monday, continuing this year’s bumpy ride.
Investors and traders are still mulling the Friday jobs report, which showed weaker-than-expected hiring trends in the U.S.
The Dow Jones Industrial Average surged 160 points Friday, while the S&P 500, and Nasdaq also rose. Investors shrugged off the tepid jobs report and put their faith in the Federal Reserve, expecting the central bank to swoop in to help the economy.
Trading could be quiet Monday, with few major corporate or economic reports set for release.
Loews Corp and Hasbro are scheduled to report quarterly results before the opening bell.
Shares in Apple look like they may edge higher Monday as investors feel increasingly confident in the firm’s stock buyback plan.
European markets were making modest moves higher in morning trading.
Most Asian markets ended with sizable gains. The Nikkei in Japan surged by 1.8% and the Shanghai Composite pushed up by 2%. But both of these indexes are still in negative territory since the start of 2014.
