Dow Futures Lift After Indices Extend Declines

  • Stock Market News
Dow Futures Lift After Indices Extend Declines
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading a little higher during Monday’s evening deals, after major benchmark averages finished the regular session lower, extending Friday’s declines as hopes for an interest rate pivot faded after Federal Reserve President Charles Evans noted that policymakers are committed to dampening inflation pressures despite the risk of rising unemployment.

By 19:10 ET (23:10 GMT) Dow Jones Futures and S&P 500 Futures were up 0.2%, while Nasdaq 100 Futures lifted 0.3%.

In extended deals, Virgin Galactic Holdings Inc (NYSE: SPCE ) fell 3%, Warner Music Group (NASDAQ: WMG ) gained 3%, and Leggett & Platt Incorporated (NYSE: LEG ) dipped 8%.

Ahead in the week, market participants will be closely monitoring fresh producer and consumer price data, retail sales figures, as well as corporate earnings results from major banking companies.

During Monday’s regular session, the Dow Jones Industrial Average fell 93.9 points or 0.3% to 29,202.9, the S&P 500 fell 27.3 points or 0.8% to 3,612.4, and the NASDAQ Composite dipped 110.3 points or 1% to 10,542.1.

On the bond markets, United States 10-Year rates were at 3.888%.


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