Futures for the Dow Jones Industrial Average fell 31 points to 15,708, while those for the S&P 500 index eased 4 points to 1,789.50, and the Nasdaq 100 index eased 0.25 point to 3,557.75.
Wall Street shook off some disappointing jobs data on Friday and finished the week with modest gains, lifted by a two-day rally. The Dow Jones Industrial Average closed near session highs, adding 165.55 points, or 1.1%, to 15,794.08, and gained 0.6% for the week, breaking a two-week losing run. The S&P 500 closed up 23.59 points, or 1.3%, at 1,797.02 and recorded a 0.8% weekly gain after three straight weeks of losses.
The big event for investors this week will be Fed Chairwoman Yellen’s first semi-annual monetary policy testimony to Congress, coming on Tuesday to the House Financial Services Committee. She is scheduled to appear before the Senate Banking Committee on Thursday . There is no key data or result coming out on Monday.
Stock futures were not seeing any benefit from a jump in Chinese shares on Monday, after a quarterly report by the Chinese central bank over the weekend guaranteed it would maintain adequate liquidity. European stocks took inspiration from Asia. The dollar gave back some gains, and gold extended its winning streak, while oil moved back from $100 to $99 a barrel.