Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade on Monday after the Dow Jones jumped more than 300 points in the previous session. Investors are awaiting earnings results from Global Payments Inc. (NYSE: GPN), The Mosaic Company (NYSE: MOS), Activision Blizzard, Inc. (NASDAQ: ATVI) and ON Semiconductor Corporation (NASDAQ: ON).
The manufacturing PMI for July is scheduled for release at 9:45 a.m. ET. The ISM manufacturing index and data on construction spending will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average dropped 53 points to 32,772.00 while the Standard & Poor’s 500 index futures fell 11.25 points to 4,122.25. Futures for the Nasdaq index fell 37.75 points to 12,933.75.
Oil prices traded lower as Brent crude futures fell 1.3% to trade at $102.63 per barrel, while US WTI crude futures fell 2% to trade at $96.65 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 93,082,190 with around 1,055,050 deaths. India reported a …