U.S. stock futures hover near flatline as Dow posts fifth straight monthly gain

  • Dow Jones Industrial Average futures rose 11 points Monday night.
  • The S&P 500 gained 2.6% in August, while Nasdaq Composite rose 3.9%.
  • Investors will receive manufacturing, services and August employment data this week.

U.S. stock futures were little changed Monday night after Wall Street ended the month lower, although the major benchmarks still recorded monthly gains. Dow Jones Industrial Average futures rose 11 points, S&P 500 futures gained less than 0.1%, and Nasdaq-100 futures were flat. The S&P 500 advanced 2.6% in August, the Nasdaq Composite climbed 3.9%, and the Dow increased 1.3% for its fifth consecutive monthly advance. In regular trading, the Dow fell more than 370 points, while the S&P 500 and Nasdaq Composite also declined. Oil prices rose and pushed rates higher after the U.S. struck two rocket launchers on Iran's Larak Island. Goldman Sachs traders said market indicators showed growing nervousness despite the S&P 500 trading less than 115 basis points from its all-time high, citing new American Association of Individual Investors Sentiment Survey data and investors' portfolio risk allocations. September's historically weak seasonal pattern and a busy economic calendar are set to focus attention on manufacturing and services data due Tuesday and Wednesday, followed by the August jobs report on Friday. Economists polled by Dow Jones expect 53,000 jobs were added in August.

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