Dow higher as Wall Street starts week in better mood

Dow Futures Dip More Than 80 Points, what does the future hold?

Stock Futures Signaled A Lower Open On Wall Street

On Monday General Motors picked up 54 cents, or 1.3 percent, to $42 and Netflix climbed $8.48, or 3.4 percent, to $257.95.

Benchmark U.S. 10-year Treasury yields US10YT=RR dipped to 2.842 percent, shy of a four-year peak of 2.9020 percent hit on Monday.

S&P 500 measures the performance of 500 widely held common stocks of large-cap US companies.

"Over the short term, the selloff is likely to persist for the next few weeks because we are still in an adjustment period with people focusing on inflation data", said Lisa Erickson, head of traditional investments for US Bank Wealth Management.

They have slumped recently after winning a big portion of the market's gains over the previous year.

The major indexes closed out last week on a high note, with the Dow rising 330 points on Friday while the S&P 500 and Nasdaq gained more than 1.4 percent.

"This looks like a corrective phase rather than the start of a bear market", said Katie Stockton, founder of Fairlead Strategies.

US stocks are coming off a turbulent week in which the Dow recorded its largest-percentage decline since January 2016.

USA stocks are posting solid gains Monday as technology and energy companies recover some of their recent losses. The Nasdaq Composite Index was up 107.47 points, or 1.56 percent, to 6,981.96. The S&P 500, meanwhile, posted moves greater than 1 percent in four-of-five trading days last week.

BONDS: Bond prices edged higher.

"You nearly could hear a collective sigh of relief on Friday when the market closed higher on the day - and ahead of a weekend at that", John Stoltzfus, the chief investment strategist at Oppenheimer Asset Management, said in a note on Monday.

Markets have been enduring a volatile spell since 2 February, when strong U.S. jobs and wage growth figures raised the spectre of rising inflation and accelerating interest rate hikes.

The release this Wednesday of the Consumer Price Index for January will provide some more clarity on inflation. Brent crude, used to price worldwide oils, advanced 43 cents to $63.03 per barrel in London. Silver lost 20 cents, or 1.2 percent, to $16.14 an ounce. The Nasdaq composite and S&P 500 also surged.

Comcast stock slipped 3 cents to $38.54 while Disney added 30 cents to $103.39. The index rose 1.5 percent Friday but still wound up with its worst weekly loss in more than two years.

The gold prices rose because of the depreciation of the dollar.

Traders said that the investors' move to lock in profits, possibly some computer-programmed trading, combined with concerns about interest rates have sent the equities into correction territory. The futures on gold rose by 0.81% to 1,326.30 United States dollars per ounce.

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