US futures rose late Sunday after the worst week on Wall Street in October.
After initially falling more than 300 points, Dow Jones Industrial Average futures YM00,
increased by about 100 points, or 0.3%, while the S&P 500 futures ES00,
and Nasdaq-100 NQ00 futures,
both also turned positive.
Shares collapsed on Friday, with the three major indices registering the worst week and, in general, since October, as volatile trading in a number of highly deficient companies, such as GameStop GME,
and AMC Entertainment AMC,
he worried about a bubble.
Read: What does the January market decline mean for stock returns in 2021
“The frenzy will soon come to an end,” Stephen Innes, Axi’s chief global market strategist, wrote on Sunday. “But I don’t think we have generated a new generation of super traders; Because we all know that this will eventually end in tears for the greedy. ”
“I warn here that it is imperative to stay agile, as risk markets could spin like a top this week,” he added.
Last week, the Dow DJIA,
closed 3.2% lower, S&P 500 SPX,
decreased by 3.3% and Nasdaq Composite COMP,
was 3.5%. On a monthly basis, the Dow lost 2%, the S&P 500 fell 1.1%, and the Nasdaq Composite gained 1.7%.