steven birdsall chief revenue officer of anaplan inc left and frank calderoni president and chief executive officer of anaplan inc center talk to a trader during the companys initial public offering on the floor of the new york stock exchange in new york on oct 12 2018 us stock futures were steady in overnight trading on sunday after the sp 500s best week since 2020 last week the three major averages notched their best week since november 2020 boosted largely by growth stocks the sp 500 surged 61 from monday to friday the dow jones industrial average ended the week 55 higher and the technologyfocused nasdaq composite spiked 81 the sp 500 recouped nearly half of its correction losses last week as investors received highly anticipated clarity from the federal reserve which raised interest rates for the first time since 2018 the central bank signaled it expects to raise rates at its remaining six meetings this year i think the stage has been set by the fed for investors to focus on earnings again said julian emanuel head of equities derivatives and quantitative strategy at evercore isi bottom lineearnings estimates since the beginning of the year have risen market participants are also monitoring the war between russia and ukraine ukraines president volodymyr zelenskyy warned that if peace talks with russian leader vladimir putin fail it would mean the start of a third global war if these attempts fail that would mean that this is a third world war zelenskyy said in an interview with cnns fareed zakaria that aired sunday morning ukrainian and russian officials have met intermittently for peace talks which have failed to progress to key concessions investors are also evaluating a rise in covid cases in europe stemming from an emerging variant the economic calendar is relatively light this week but several companies report earnings nike and tencent music report quarterly results on monday