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Dow futures steady after losing week
Investing.com - U.S. stock futures were trading slightly higher during Sunday's evening deals, following a weekly decline among benchmark averages as monitored, rising bond yields, and continued economic weakness in China.
By 18:55 ET (22:55 GMT), Dow Jones futures were flat, S&P 500 futures added 0.1%, and Nasdaq 100 futures were up 0.2%.
Ahead in the week, investors will be closely monitoring new and existing home sales, building permits, preliminary manufacturing and services PMIs, core durable goods orders, and Michigan consumer sentiment and expectations, as well as a speech from FOMC member Bowman.
Among earnings, companies including Zoom Video Communications Inc (NASDAQ:ZM), Lowe’s Companies Inc (NYSE:LOW), Dick’s Sporting Goods Inc (NYSE:DKS), Macy’s Inc (NYSE:M), Urban Outfitters Inc (NASDAQ:URBN), Nvidia Corporation (NASDAQ:NVDA), Autodesk Inc (NASDAQ:ADSK), Intuit Inc (NASDAQ:INTU), Marvell Technology Group Ltd (NASDAQ:MRVL), and Dell Technologies Inc (NYSE:DELL) are set to report results this week.
On Friday, U.S. indices posted a mixed session with the Dow Jones Industrial Average up 25.8 points or 0.1% to 34,500.7, the S&P 500 finished flat at 4,369.7, and the Nasdaq Composite dipped 26.2 points or 0.2% to 13,290.8.
For the week, the Dow and S&P 500 lost 2.1% apiece while the Nasdaq shed 2.2%.
On the bond markets, United States 10-Year rates were nearing fresh 15-year highs of 4.257%.
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