Dow futures tick lower as investors brace for tech earnings

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

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, following a mixed week for major benchmark averages as market participants digested slowing economic data, a lower US Dollar Index , and falling yields ahead of major tech earnings.

By 18:40 ET (23:40 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 bracing for a busy week of U.S. economic events including preliminary Manufacturing and Services PMIs, core durable goods orders , the preliminary Q4 GDP reading, initial jobless claims , new home sales , PCE price index , Michigan consumer sentiment , and pending home sales data.

In addition, earnings season is set to heat up with companies such as Microsoft Corporation (NASDAQ: MSFT ), International Business Machines (NYSE: IBM ), Tesla Inc (NASDAQ: TSLA ), Visa Inc (NYSE: V ), Intel Corporation (NASDAQ: INTC ), and Chevron Corp (NYSE: CVX ) set to report results.

During Friday’s regular trade, the Dow Jones Industrial Average added 330.9 points or 1% to 33,375.5, the S&P 500 added 73.7 points or 1.9% to 3,972.6, and the NASDAQ Composite lifted 288.2 points or 2.7% to 11,140.4.

On the bond markets, United States 10-Year rates were at 3.484%.

 

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