Dow futures dip after positive week

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Dow futures dip after positive week
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday-shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers.

By 18:36 ET (23:36 GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.3%, and Nasdaq 100 Futures were down 0.4%.

In the week ahead, market participants will be looking toward fresh speeches from FOMC members Bullard and Williams on Tuesday and CB consumer confidence on Wednesday. On Thursday, ADP employment , JOLTS job openings , pending home sales , preliminary GDP figures and Powell’s speech on Thursday will be monitored closely, while Friday’s session will bring core PCE data, jobless claims , ISM manufacturing PMI , nonfarm payrolls and November’s unemployment print.

On the earnings front, results from Salesforce Inc (NYSE: CRM ), Five Below Inc (NASDAQ: FIVE ), Pinduoduo (NASDAQ: PDD ), Intuit (NASDAQ: INTU ), Workday Inc (NASDAQ: WDAY ), Synopsys (NASDAQ: SNPS ), and Dollar General (NYSE: DG ) are set to be released throughout the week.

During Friday’s session, Dow Jones Industrial Average added 153 points or 0.5% to 34,347, the S&P 500 finished little changed and the NASDAQ Composite fell 59 points or 0.5% to 11,226.4. For the week, the Dow lifted 1.8%, the S&P 500 increased 1.5%, and the NASDAQ added 0.7%.

On the bond markets, United States 10-Year rates were at 3.691%.

 

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