U.S. stock futures pointed to a relatively flat open for the first trading day of February.
Despite a two-session advance of more than 6.5%, the Nasdaqin correction territory, down 12% from its November all-time high as tech stocks saw a rough start to the year.
The Nasdaq and the S&P 500 in January posted their worst months since March 2020, when the Covid pandemic was declared. They were down 8.9% and 5.3%, respectively. The S&P 500, which saw a brief correction last month, had its biggest January decline since 2009. The Dow fell 3.3% in January. The Dow and the S&P 500, which also logged all-time highs early in January, were down nearly 5% and more than 6% from those lofty levels.
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