S&P 500 Futures Rise After Biggest Weekly Decline Since March
- Oil plunges to five-month low as Libya, lockdowns spook market
- Investors on edge ahead of Tuesday’s presidential vote
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Futures on the S&P 500 indicated pointed to a rebound in the U.S. market from last week’s 5.6% slump, with any moves likely to be limited before the U.S. presidential election on Tuesday and a Federal Reserve interest rate decision on Thursday.
A four-day slump in crude oil and developments over the weekend kept investors on edge. Polls show Democrat Joe Biden maintaining a lead, though battleground states remain tight. The U.S. reported a slight slowdown in virus cases, but several states continued to notch record numbers of infections. The U.K.’s prime minister ordered England into a four-week partial lockdown, all but shuttering the economy, while other European countries prepared to increase restrictions.