Stock Futures Dip as Traders Brace for Busy Week

By MarketsFOXBusiness

FOX Business: Capitalism Lives Here

U.S. stock-index futures fell on Monday as traders prepared for a week heavy with economic and corporate events.

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As of 9:20 a.m. ET, Dow Jones Industrial Average futures fell 13 points, or 0.08%, to 15726, S&P 500 futures dipped 2.8 points, or 0.15%, to 1791 and Nasdaq 100 futures slumped 2 points, or 0.05%, to 3557.

The broad S&P 500 snapped a three-week losing streak last week. The gains were driven by hopes the Federal Reserve might not pull back on its massive stimulus program quite as quick as economists expected. The hopes were bolstered after a much weaker-than-expected January jobs report.

Freshly-minted Fed chief Janet Yellen is set to speak before Congress later this week, in events that are expected to garner Wall Street's attention. Traders will also get the latest data on U.S. retail sales for the month of January.

On the corporate front, McDonald's (NYSE:MCD) global comparable-store sales rose 1.2% despite a drop in U.S. sales.

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