U.S. stock futures mostly flat after Monday's rally

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Stock futures were little changed after a sharp rise during Monday's session.
U.S. stock futures were little changed on Monday evening ahead of the first presidential debate on Tuesday.

Futures for the Dow Jones Industrial Average rose about 50 points, or 0.2%. Contracts for the S&P 500 gained 0.1% while those for Nasdaq Composite were nearly flat.

The quiet move in futures follows a solid start to the week for stocks during Monday's session, with the Dow rising 410 points, or 1.5%. The S&P 500 and Nasdaq rose 1.6% and 1.9%, respectively.

Monday's rally set up the market to snap losing streaks. The Dow and the S&P 500 have fallen for four consecutive weeks. The Nasdaq Composite managed to break its own three-week streak with a 1% gain last week.

David Waddell, CEO of wealth strategist firm Waddell & Associates, said that he saw recent weakness for the market as a needed "comeuppance" for major tech stocks and that stocks were set for near-term volatility while the indexes treaded water.

"I think we're in a sideways period. It's just we're going to…
Jesse Pound
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