By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Sunday's evening trade, after major indices capped a positive week as easing CPI and PPI pressures boosted sentiment ahead of a critical earnings season.
Ahead in the week, traders will be looking towards NY empire state manufacturing index , building permits , housing starts , Philadelphia Fed manufacturing index , existing home sales , preliminary manufacturing and services PMI readings, as well as speeches from FOMC members Bowman , Williams , Waller , and Fed Governor Cook .
Meanwhile, earnings season is set to heat up with major companies including Charles Schwab (NYSE: SCHW ), Bank of America (NYSE: BAC ), Johnson & Johnson (NYSE: JNJ ), Netflix (NASDAQ: NFLX ), Lockheed Martin (NYSE: LMT ), Goldman Sachs Group (NYSE: GS ), Bank of New York Mellon (NYSE: BK ), United Airlines Holdings (NASDAQ: UAL ), Tesla (NASDAQ: TSLA ), Morgan Stanley (NYSE: MS ), and International Business Machines (NYSE: IBM ).
During Friday's trade, the Dow Jones Industrial Average dipped 143.2 points or 0.4% to 33,886.5, the S&P 500 lost 8.6 points or 0.2% to 4,137.6, and the Nasdaq Composite lost 42.8 points or 0.4% to 12,123.5.
For the week, the Dow and the S&P 500 advanced 1.4% and 1.3%, respectively, each finishing at 8-week highs while posting the 5th week of consecutive gains. Meanwhile, the Nasdaq added 1.2% for the week.
On the bond markets, United States 10-Year rates were at 3.517%.
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