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Market Snapshot: U.S. stocks set to give back part of last week’s gain

U.S. stock futures on Monday pointed to a modest dip at the open, as investors assessed comments by Federal Reserve officials after last week’s interest rate hike. A drop in oil prices put pressure on energy shares.

Chicago Federal Reserve President Charles Evans, in an interview with Fox Business cable, said that he would support four rate hikes if economic outlook held up and inflation growth accelerated.

S&P 500 futures ESM7, -0.25% fell by 4 points, or 0.2%, to 2,371, while Dow Jones Industrial Average futures YMM7, -0.10% dropped by 17 points, or 0.1%, to 20,847. Nasdaq-100 futures NQM7, -0.04% shed 2 point to 5,407.

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