Dow Futures Edge Lower After Positive Week
2022.07.11 02:15
By Oliver Gray
Investing.com – U.S. stock futures retreated during Sunday’s evening deals, after major benchmark indices finished the week higher with investors looking ahead to company earnings reports and key inflation data.
by 7:00pm ET (11:00pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.3% and Nasdaq 100 Futures lost 0.4%.
Ahead in the week, market participants will be focusing on fresh CPI data, with the inflation rate seen rising to 8.8%, the highest reading since December of 1981. Among other data releases, investors will be watching retail sales, manufacturing production, Michigan consumer sentiment, NFIB Small Business Optimism, consumer inflation expectations, producer prices, export and import prices and the NY Empire State Manufacturing Index.
Fresh corporate earnings will also be closely monitored with with PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) slated to report earnings Tuesday and Wednesday while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are set to report later in the week.
During Friday’s trading session, the Dow Jones Industrial Average fell 46.4 points or 0.2% to 31,338.2, the S&P 500 finished 3.3 points or 0.1% lower at 3,899.4 while the NASDAQ Composite rose for a fifth consecutive session, adding 14 points or 0.1% to 11,635.3 For the week, the Dow added 1.4%, the S&P 500 lifted 2.7% and the NASDAQ gained 6.1%
On the bond markets, United States 10-Year yields lifted to 3.08%.
