Equity futures fall on easing concerns about China’s economy after four straight weeks of S&P gains


US stock futures fell on Monday, and Wall Street is back on track to breathe a sigh of relief after another positive week as traders brace for big retail gains.

Futures tracking the Dow Jones Industrial Average fell 149 points, or 0.44%. S&P 500 futures and Nasdaq 100 futures each fell 0.5%.

Monday’s move comes after last night’s disappointing Chinese economic data. China’s central bank also unexpectedly cut interest rates, raising concerns about China’s economic recovery.

Last week, the S&P 500 rose 3.25%, marking its fourth consecutive week of positive growth and its longest winning streak since 2021. The Nasdaq Composite finished the week with his 3.08% high for the fourth consecutive week. The Dow Jones Industrial Average rose 2.9%.

The rise came after economic data showed inflationary pressures may ease a bit. The consumer price index he was flat in June-July, but the producer price index showed an unexpected decline and import prices fell more than expected.

This helped relax investors who were tempted to call the mid-June low the bottom of the cycle. immediately pointed out.

“Bulls may be headed up this week as another win in the stock rally that has been almost two months since June lows, but the bears have turned the tables on risks to year-end earnings and margins. It keeps hitting and it’s too early that could ruin the party for those who are celebrating,” Morgan Stanley said Sunday.

Investors are looking forward to a full week of earnings from big retailers like Home Depot, Walmart and Target, and how inflation and other macro challenges have impacted their businesses in recent quarters. I’m looking for clues about.

Retail sales data will also be released this week.



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