Dow futures tick lower as investors brace for Fed, earnings

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Dow futures tick lower as investors brace for Fed, earnings
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock futures fell during Sunday’s evening deals, after major benchmark averages finished the week higher as market participants monitored a deluge of earnings results ahead of a key policy decision from Federal Reserve officials on Wednesday.

By 18:30 ET (23:30 GMT) Dow Jones futures , S&P 500 futures , and Nasdaq 100 futures were each trading 0.1% lower.

Ahead in the week, investors will be looking towards CB consumer confidence , ADP employment change , ISM manufacturing PMI , JOLTs job openings , jobless claims , nonfarm payrolls , unemployment rate , and the ISM Services PMI .

The U.S. Federal Reserve’s interest rate decision and statement will also be closely monitored as cooling inflation pressures have boosted expectations of a 25 basis point hike.

On the earnings front, companies including Exxon Mobil Corp (NYSE: XOM ), Caterpillar Inc (NYSE: CAT ), Advanced Micro Devices Inc (NASDAQ: AMD ), Meta Platforms Inc (NASDAQ: META ), Alibaba Group Holdings Ltd ADR (NYSE: BABA ), Alphabet (NASDAQ: GOOGL ) Inc (NASDAQ: GOOG ), Amazon.com Inc (NASDAQ: AMZN ), and Apple Inc (NASDAQ: AAPL ) are set to report results throughout the week.

During Friday’s trade, the Dow Jones Industrial Average added 28.7 points or 0.1% to 33,978.1, the S&P 500 added 10.1 points or 0.3% to 4,070.6, and the Nasdaq Composite lifted 109.3 points or 1% to 11,621.7. For the week, the Dow added 1.6%, the S&P 500 lifted 2.3%, and the Nasdaq gained 4%.

On the bond markets, United States 10-Year rates were at 3.505%.

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