Dow futures rise 100 points in overnight trading as investors focus on reopening of economy – CNBC

Futures on the Dow Jones Industrial Average climbed 167 points, implying a Tuesday opening gain of around 100 points. The overnight moves followed Monday’s modest gains on Wall Street.”Megacaps mask underlying rally fragility,” Ken Johnson, investment strategy analyst at Wells Fargo, stated in a note on Monday. On Monday, airline company stocks suffered a huge sell-off with Delta, United, American Airlines all dropping more than 5%.

The overnight moves followed Monday’s modest gains on Wall Street.”Megacaps mask underlying rally fragility,” Ken Johnson, financial investment strategy expert at Wells Fargo, said in a note on Monday. On Monday, airline stocks suffered a huge sell-off with Delta, United, American Airlines all dropping more than 5%.

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