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Futures rise as COVID-sensitive sectors recover

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Reuters

By Ambar Warrick and Devik Jain (Reuters) – U.S. stock index futures rose on Monday as energy and bank stocks recovered slightly from last week’s losses, although anticipation of several economic readings this week kept gains in check. Nasdaq futures hit a record high as demand for technology stocks remained strong. Heavyweights, including most FAANG majors, rose in premarket trade. Tech had largely outperformed other sectors last week, helping the Nasdaq to close over the 16,000 level for the first time as concerns over rising COVID-19 cases in Europe drove up safe-haven demand. Bank stocks w…

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