trader on the floor of the nyse aug 30 2022 stock futures rose in overnight trading monday after the major averages capped their third straight week of losses futures tied to the dow jones industrial average added 120 points or 038 nasdaq 100 futures rose 017 and sp 500 futures gained 025 cvs health said monday its buying signify health for roughly 8 billion while volkswagen shared its plan to float porsche for an initial public offering on friday the major averages closed out their third negative week in a row the nasdaq composite posted its first sixday losing streak since 2019 ending the session 13 lower while the dow industrial average erased a 370point gain on friday to close about 11 lower the sp 500 shed 11 to its lowest close since july in the holidayshortened week investors are looking ahead to speeches from federal reserve presidents and a fresh rate hike from the european central bank due out later this week august pmi services and ism services data are slated for tuesday this is the week where everyones back said ed moya senior market analyst at oanda everyones back to school back to trading a lot of people are back into the office theres still a lot of pessimism here that we could continue to see inflation rear its ugly head and that should warrant more aggressive rate hikes by the fed