U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country.
The clashes between police and protesters come while the U.S., and much of the world, is in the throes of the coronavirus pandemic that has rocked the domestic economy to its core.
What are stock benchmarks doing?
Futures for the Dow Jones Industrial Average YMM20, -0.00% YM00, -0.00% were little changed at 25,370, off 8 points, or less than 0.1%. Those for the S&P 500 index ESM20, -0.05% ES00, -0.05% were 4.25 points, or 0.1%, lower at 3,037.75, while Nasdaq-100 futures NQM20, -0.03% NQ00, -0.03% were trading 11 points lower at 9.549, a decline of 0.1%.
On Friday, the Dow DJIA, -0.06% booked a weekly gain of 3.8%, while the S&P 500 SPX, +0.48% finished 3% higher and the Nasdaq Composite Index COMP, +1.29% ended the period 1.8% higher. In May, the Dow logged a 4.3% gain, the S&P 500 climbed 4.5%, while the Nasdaq marked a 6.8% return on the month.
What’s driving the market?
A series of protests erupted across major cities from Los Angeles to New York after George Floyd, a black man, died last Monday following a confrontation with police in Minneapolis in which one officer, Derek Chauvin, was captured on video driving his knee onto Floyd’s neck until the handcuffed