Dow Futures Lift After Indices Extend Declines
By Oliver Gray
Investing.com - 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%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or