Stock futures are flat after major averages slide on Covid unrest in China – CNBC

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022.Brendan McDermid | ReutersU.S. stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week.Dow Jones Industrial Average futures fell by 5 points, or 0.02%. S&P 500 and Nasdaq 100 futures climbed 0.04% and 0.05%, respectively.The Dow Jones Industrial Average lost 497.57 points, or 1.45%, during the regular session Monday. The S&P 500 slid 1.54%, while the Nasdaq Composite closed down 1.58%.Growing frustration in mainland China over the country’s zero-Covid policy weighed on markets around the world. On Monday, West Texas Intermediate crude futures briefly fell to their lowest point since last December.”There’s some real reasons to be cautious. The market’s rallied a lot this quarter, and there’s some concerns that things are going to slow, so I think it’s a kind of balanced risk reward,” Trivariate Research’s Adam Parker said Monday on CNBC’s “Closing Bell: Overtime.””I think there was an excuse with maybe some China slowdown fears for people to collect a little profit that they made in the quarter,” he added.On
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