U.S. stock futures were mixed early Monday morning as Wall Street looked to bounce back from a losing week.
Futures for the Dow Jones Industrials declined 25 points, or 0.1%, to 32,476.
Futures for the S&P gained 7.5 points or 0.2%, to 3,907.25.
The NASDAQ Composite index leaped 103 points, or 0.8%, to 12,948.25.
The three major indexes lost ground last week. The Dow and S&P 500 slipped on Friday to finish the week down 0.5% and 0.8%, respectively, breaking two-week winning streaks. The NASDAQ rose on Friday but still finished the week with a 0.8% loss.
Even with the weakness last week, the S&P 500 and Dow are still near record highs, and the NASDAQ isn't too far off.
U.S. trial data released Monday showed the COVID vaccine developed by AstraZeneca and the University of Oxford is 79% effective in preventing symptomatic illness and 100% effective against severe disease and hospitalization.
Over the weekend, the industrials sector produced a major piece of corporate news. Canadian Pacific Railway announced that it was buying Kansas City Southern in a deal valued at $25 billion, creating a rail giant that connects, Canada, the U.S. and Mexico.
On the economic data front, investors will get another look at the housing market on Monday when the National Association of Realtors releases existing home sales for February. Economists surveyed by Dow Jones are projecting a decline of 2.8%
The 10-year Treasury yield fell five basis points to 1.68%, after touching a 14-month high last week (one basis point equals 0.01%). The move higher in rates has raised concerns about valuations on growth and tech stocks.
Overseas, in Japan, the Nikkei 225 tumbled 2.1% Monday, while in Hong Kong, the Hang Seng fell 0.4%.
Oil prices gathered 13 cents to $61.55 U.S. a barrel.
Gold prices slid $7.90 to $1,733.80 U.S.