us stock futures weakened on monday resuming a downward path on uncertainties on future policy and concern about the global economy last week was a rough one for us stocks as the sp 500 dropped 22 though the major indexes each advanced on friday on friday the dow jones industrial average djia rose 483 points or 143 to 34326 the sp 500 spx increased 50 points or 115 to 4357 and the nasdaq composite comp gained 118 points or 082 to 14567 there were many developments in washington dc including the negotiations on infrastructure spending and social spending according to the wall street journal democrats were debating whether to reduce proposed programs or cut their duration to shave the 35 trillion size of the social spending package meanwhile bloomberg news reported on the trading of fed vice chair richard clarida saying he traded stocks on the eve of a statement made about the pandemic while the central bank said a feb 2020 trade was a preplanned rebalancing it puts further pressure on the fate of fed chair jerome powell ahead of a white house decision on whether to renominate him us trade representative katherine tai is due to discuss the uschina trade relationship where the biden administration so far has kept tariffs imposed by the trump administration on china in place the white house said it would not rule out further tariffs as it chided china for not meeting commitments under the phase one pact indebted chinese property developer china evergrande 3333 said it may sell its property management arm traders are concerned that evergrade’s inability to pay debt will roil the chinese economy the secondlargest in the world ricardo evangelista senior analyst at activtrades said anxiety about the ongoing evergrande crisis and its potential to spill over to other markets as well as the global logistic problems and rising energy prices is weighing on the appetite for risk and may offer support to the us dollar reuters reported that the opec grouping are likely to stick to their existing agreement to add 400000 barrels per day of oil in november