Policy: Economy

Stock futures lower, following last week's rally

News,Business,Economy,Financial Markets

NEW YORK (AP) — Stocks edged lower in premarket trading Monday, following the market's two-day rally late last week.

KEEPING SCORE: The Dow Jones industrial average futures were down 13 points to 15,726 with 30 minutes left before the opening bell. The Standard & Poor's 500 index futures fell three points to 1,790 and the Nasdaq futures fell a point to 3,557.

YELLEN IN SPOTLIGHT: Federal Reserve Chair Janet Yellen, who started her term as head of the central bank this month, is scheduled to testify before Congress on Tuesday and Wednesday. This will be her first public comments since becoming Fed chair. Her comments will be closely watched, especially after recent disappointing economic data and the Fed's decision to pull further back on its monthly bond purchases.

COMING OFF TWO STRONG DAYS: The stock market surged late last week, with the Dow rising 188 points on Thursday and 166 points on Friday. The market rallied Friday despite a jobs report that showed the U.S. economy created only 113,000 jobs in January, far below expectations.

YELP JUMPS: Shares of review site Yelp jumped almost 12 percent in premarket trading. Yahoo is reportedly partnering with Yelp to start integrating the review site's content into Yahoo's search engine, according to The Wall Street Journal and other news outlets.

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