U.S. stock index futures were little changed during overnight trading on Monday.
U.S. stock index futures were little changed during overnight trading on Monday after the major averages started the week in the red as Covid omicron fears hit sentiment.
During regular trading, the Dow slid 0.89%, or 320 points, while the S&P 500 dipped 0.9%. The Nasdaq Composite fell 1.39% as investors rotated out of technology stocks with high valuations. While equities fell broadly on Monday, growth areas of the market underperformed. The iShares Russell 1000 Growth ETF dipped 1.22%, while the iShares Russell 1,000 Value ETF declined 0.45%.
Investors will be watching closely for commentary around if the Federal Reserve plans to accelerate the end of its bond-buying program. At present, the central bank's asset purchase program will end in June 2022, but"So far the bond market has given the Fed a pass on inflation — whether it will continue to do so is in doubt," noted Willie Delwiche, investment strategist at All Star Charts.
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