Stock futures are slightly higher after the S&P 500 fell to its lowest level in over a year

US stock futures are slightly higher on Monday evening after the S&P 500 fell to its lowest point in more than a year.

The Dow Jones Industrial Average futures rose 65 points, or 0.2%. S&P 500 and Nasdaq 100 futures were up 0.2% and 0.2%, respectively. Shares of AMC and Novavax made big moves after hours in the wake of their most recent quarterly reports.

Earlier in the day, the S&P 500 fell below the 4,000 level marking the index’s weakest point since March 2021. The broad market index fell as low as 3,975.48, down 17% from its high of 52. weeks as Wall Street continued to struggle to find a last one following last week’s defeats.

Meanwhile, the Dow Jones Industrial Average fell 1.99%. The S&P 500 was down 3.2% and the tech-rich Nasdaq Composite was down 4.29%. Leading tech stocks such as Meta Platforms and Alphabet fell 3.7% and 2.8% respectively. Tesla’s shares fell more than 9%.

“The sentiment has been very bearish in the last few months, if not the last few weeks for sure, and the inability to bounce back … tells you everything you need to know about the current state of the market which means the bears are in control. “said Adam Sarhan, founder and CEO of 50 Park Investments.

Meanwhile, the yield on the benchmark 10-year Treasury bond rose to its highest level since the end of 2018, surpassing 3%.

After trading hours on Monday, AMC’s share price jumped 4% after entertainment company reported its “strongest first quarter in two full years” when consumers returned to theaters.

NovavaxThe stock price plunged 10% during extended trading after the biotech company missed earnings expectations despite also reporting its profitable first quarter.

Interactive peloton and Fox will report earnings on Tuesday before the bell. Coinbase, Roblox, Royal Royal Other Allbirds they should report earnings on Tuesday after the market close.