Dow Futures Move Lower as Earnings Season Begins
By Oliver Gray
Investing.com - U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices finished the week in a mixed fashion amid volatile trading conditions as investors brace for a busy week amid corporate earnings, FOMC minutes, and highly anticipated consumer price index data.
By 19:10 ET (23:10 GMT) Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures dipped 0.6% apiece.
Ahead in the week, market participants will be closely monitoring speeches from Fed policymakers including Evans and Brainard as well as FOMC members Harker and Mester for further clues on the Fed's rate hike path. In addition, fresh PPI and CPI data, the FOMC’s latest meeting minutes , retail sales , and Michigan consumer sentiment will be watched, as well as fresh earnings results from companies including Morgan Stanley (NYSE: MS ), JPMorgan Chase & Co (NYSE: JPM ), Citigroup Inc (NYSE: C ), Wells Fargo & Company (NYSE: WFC ), PepsiCo Inc (NASDAQ: PEP ), and Delta Air Lines Inc (NYSE: DAL ).
During Friday’s trade, the Dow Jones Industrial Average lost 360.2 points or 2.1% to 29,296.8, the S&P 500 fell 104.9 points or 2.8% to 3,639.7, and the NASDAQ Composite dipped 420.9 points or 3.8% to 10,652.4. For the week, the Dow lifted 1.5%, the S&P 500 added 0.8%, and the NASDAQ gained just 0.1%.
On the bond markets, United States 10-Year rates were at 3.885%.
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