Wall Street started the week on a strong note, with stock futures rose slightly

wall street stock market

U.S. stock futures climbed slightly in late Monday, after a rebound to start the week.

Futures contracts tied to the Dow Jones Industrial Average rose about 105 points, or 0.4%. The S&P 500 and the Nasdaq 100 rose 0.4% and 0.6%, respectively.

The gains followed broad-based gains on Monday, with the Dow rising nearly 230 points and all 11 sectors in the S&P 500 rising. Stocks finally coming off their worst week since October.

The gains came despite renewed volatility in parts of the market that have been the focus of retail traders. GameStop shares fell 30% on Monday, after rising 400% last week, and continued to fall in after-hours trading. 

Investors will get a slew of earnings reports on Tuesday, including from industry leaders Pfizer and ExxonMobil while Tech giants Amazon and Alphabet are due to report after the market closes.

The market appears to shrug off even some stronger quarterly reports this earnings season. Ally Invest chief investment strategist Lindsay Bell said on “Closing Bell” that those moves could mean that good news has already been priced in after a strong close to 2020.

Damon Harrison
Market Analyst, IPG Group