U.S. stock futures were little changed on Monday evening ahead of the first presidential debate on Tuesday.
Futures for the Dow Jones Industrial Average rose about 50 points, or 0.2%. Contracts for the S&P 500 gained 0.1% while those for Nasdaq Composite were nearly flat.
The quiet move in futures follows a solid start to the week for stocks during Monday’s session, with the Dow rising 410 points, or 1.5%. The S&P 500 and Nasdaq rose 1.6% and 1.9%, respectively.
Monday’s rally set up the market to snap losing streaks. The Dow and the S&P 500 have fallen for four consecutive weeks. The Nasdaq Composite managed to break its own three-week streak with a 1% gain last week.
David Waddell, CEO of wealth strategist firm Waddell & Associates, said that he saw recent weakness for the market as a needed “comeuppance” for major tech stocks and that stocks were set