U.S. Stock-Index Futures Pare Gains After S&P 500’s Weekly DropSrinivasan Sivabalan
U.S. stock-index futures pared their advance after the Standard & Poor’s 500 Index posted its longest streak of weekly losses in more than three years.
Futures on the S&P 500 expiring in December added 0.2 percent to 1884.4 at 9:02 a.m. in London, after earlier rising as much as 0.7 percent. Contracts on the Dow Jones Industrial Average gained 32 points, or 0.2 percent, 16,341.
One of the most volatile five-day periods for stocks since the financial crisis ended on Oct. 17 with the S&P 500 rallying 1.3 percent. That pared the decline since Oct. 10 to 1 percent and handed investors a fourth consecutive weekly retreat. The gauge slumped as much as 3 percent on Oct. 15 before recovering in the biggest swing since 2011.