Dow futures trade steady, inflation and FOMC meeting in focus
2023.06.11 20:15
© Reuters.
Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages finished the week at multi-month highs, with market participants looking ahead to the Fed’s interest rate decision and fresh inflation data set for release later in the week.
By by 6:50pm ET (10:50pm GMT) traded flat, lifted 0.2%, added 0.3%.
In the week ahead, market participants are expecting a 70.1% chance of Federal Reserve policymakers holding at their current levels, with data expected to fall to 4.1% from last month’s reading of 4.9%. Other data slated for release inlcudes , , and inventories, as well as Michigan consumer and . Speeches from and will also be closely monitored.
During Friday’s trade, the added 43.2 points, or 0.1% to 33,876.8, the lifted 5 points or 0.1% to 4,298.9 and the added 20.6 points or 0.2% to 13,259.1. For the week, the Dow lifted 0.3%, the S&P 500 gained 0.4% and the ixic added 0.2%.
On the bond markets, rates were at 3.743%.
