Yahoo Finance Dow futures tick lower as investors brace for Fed, earnings
By Oliver Gray
Investing.com - U.S. stock futures fell during Sunday’s evening deals, after major benchmark averages finished the week higher as market participants monitored a deluge of earnings results ahead of a key policy decision from Federal Reserve officials on Wednesday.
By 6:30pm ET (11:30pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower.
Ahead in the week, investors will be looking towards CB consumer confidence, ADP employment change, ISM manufacturing PMI, JOLTs job openings, jobless claims, nonfarm payrolls, unemployment rate and the ISM Services PMI.
The U.S. Federal Reserve’s interest rate decision and statement will also be closely monitored as cooling inflation pressures have boosted expectations of a 25 basis point hike.
On the earnings front, companies including Exxon Mobil Corp (NYSE:XOM), Caterpillar Inc (NYSE:CAT), Advanced Micro Devices Inc (NASDAQ:AMD), Meta Platforms Inc (NASDAQ:META), Alibaba Group Holdings Ltd ADR (NYSE:BABA), Alphabet Inc Class C (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL) are set to report results throughout the week.
During Friday’s trade, the Dow Jones Industrial Average added 28.7 points or 0.1% to 33,978.1, the S&P 500 added 10.2 points or 0.3% to 4,070.6 and the NASDAQ Composite lifted 109.3 points or 1% to 11,621.7. For the week, the Dow added 1.6%, the S&P 500 lifted 2.3% and the NASDAQ gained 4%.
On the bond markets, United States 10-Year rates were at 3.505%.
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Dow futures tick lower as investors brace for Fed, earnings
