US stocks trending lower hours before Monday’s opening bell

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U.S. equity futures are trading lower ahead of Monday’s trading session on Wall Street after several choppy sessions last week as investors parsed a higher-than-expected inflation reading last Tuesday.

Stocks in this Article

$34687.85

-299.17 (-0.86%)

$14427.236932

-115.90 (-0.80%)

A good part of the pullback on Wall Street was attributable to declines in big technology stocks, like Apple and Amazon, as well as banks and companies that rely on consumer spending. Energy and industrial stocks also helped drag the market down, outweighing gains in health care and utilities companies.

The S&P 500 fell 32.87 points, or 0.8%, to 4,327.16. It ended the week with a 1% loss. The Dow Jones Industrial Average dropped 299.17 points, or 0.9%, to 34,687.85. The tech-heavy Nasdaq composite slid 115.90 points, or 0.8%, to 14,427.24.

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