Stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
Dow futures dipped 78 points. S&P 500 futures were flat and Nasdaq 100 futures advanced 0.5%.
January has turned out to be a dismal month for stocks. The S&P 500 is headed for its worst month since the pandemic-spurred market turmoil in March 2020 as investors worry about inflation, supply chain issues and the upcoming rate hikes from the Federal Reserve.
The 500-stock average is nearing correction territory, down more than 8% from its intraday high earlier this month. The S&P 500 is down 7% in January.
The Dow Jones Industrial Average is also heading for its worst January since March 2020. The Dow is off by 4.4% this month.
The Nasdaq Composite, which is roughly 15% off its November record close, is headed for its worst month since October 2008 and the worst first month of the year of all time. The technology-focused average is down 12% in January.
Plus, the small-cap benchmark Russell 2000 is in a bear market.
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