U.S. stock futures ticked down Sunday night as Wall Street comes off a winning week, with the S&P 500 logging its longest positive streak in two decades.

Futures tied to the S&P 500 fell around 0.4%. Dow Jones Industrial Average futures and Nasdaq-100 futures ticked down 0.3% each.

The broad market index advanced nearly 1.5% on Friday, its ninth straight day of gains — its longest winning run since November 2004 — and managed to recover all losses incurred since April 2, when President Donald Trump announced retaliatory tariffs. The tech-heavy Nasdaq Composite gained 1.5% Friday, while the Dow industrials rose nearly 1.4%. 

Increasing hopes for a U.S. with major trading partners have buoyed sentiment and stocks in recent days. Chinese authorities have said they're with the U.S. A report by The Wall Street Journal also suggested that Beijing is . To be sure, no trade deals between the U.S. and other countries have been announced. 

"We do see this run up as being more based on excitement than actual, solid — not just fundamentals, but an actual change," said Ryan Dykmans, chief investment officer at Dunham & Associates Investment Counsel.

On the economic front, Wall Street will look toward the Federal Reserve's two-day policy meeting set to kick off on Tuesday. Fed funds futures trading points to just a 3.2% chance of a rate cut, according to the . Nonetheless, traders will be keeping a close eye on any commentary from the central bank or Fed Chair Jerome Powell on the outlook for the economy amid heightened uncertainty stemming from the trade war. 

On the earnings front, On Semiconductor, Tyson Foods and insurance company Loews are set to report quarterly results Monday before the bell.  

U.S. crude oil falls more than 4% after OPEC+ agrees to surge production again

U.S. fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to by the same amount.

— Spencer Kimball

Stock futures open little changed

U.S. stock futures were flat Sunday night.

Futures tied to the S&P 500 fell 0.2%. Dow Jones Industrial Average futures and and Nasdaq-100 futures ticked down 0.2% each.

— Hakyung Kim