US pre-open: Futures mostly lower ahead of final January session
Wall Street futures were mostly lower ahead of the bell on Monday, with the S&P 500 on track for its worst monthly showing since the beginning of the Covid-19 pandemic in March 2020.
As of 1230 GMT, Dow Jones and S&P 500 futures were in the red 0.73% and 0.47%, respectively, while Nasdaq-100 futures had the index opening 0.02% firmer.
The Dow closed 564.69 points higher on Friday as a rollercoaster week for major indices drew to a close on a positive note.
While Monday looked set to be fairly quiet in terms of market-moving headlines, the pre-market moves come ahead of a stacked week for both economic data and earnings reports from a number of the US' largest names in tech.
December's nonfarm payrolls report, which the Biden administration previously cautioned could be heavily impacted by surging Covid-19 cases on account of the Omicron variant, will be published on Friday, while Alphabet, Starbucks, Meta Platforms, Amazon and more will all report earnings before the week is out.
In focus ahead of the bell, the yield on the benchmark 10-year Treasury note ticked slightly higher to 1.788% prior to the open.
On the macro front, January's Chicago purchasing manager's index will be published at 1445 GMT, while the Dallas Fed's January manufacturing index will follow at 1530 GMT.