Dow futures little changed, inflation and earnings in focus
2023.05.07 19:48
© Reuters.
Investing.com – U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages capped a mixed a week amid ongoing banking turmoil while major tech companies delivered better than expected quarterly earnings results.
By 7:10pm ET (11:10pm GMT) , , were trading within a range of 0.1%.
In the week ahead, investors will be looking towards key , , and price indexes as well as preliminary Michigan and readings.
Speeches from the Fed’s , and the FOMC’s will also be closely watched.
Earnings season is set to continue this week with companies including Berkshire Hathaway (NYSE:) B (NYSE:), PayPal Holdings Inc (NASDAQ:), Airbnb Inc (NASDAQ:), Toyota Motor Corporation ADR (NYSE:), Walt Disney Company (NYSE:), Occidental Petroleum Corporation (NYSE:) and Tapestry Inc (NYSE:) scheduled to deliver results.
During Friday’s session, the added 546.6 points or 1.7% to 33,674.4, the gained 75 points or 1.9% to 4,136.3 and the added 269 points or 2.3% to 12,235.4. For the week, the Dow shed 1.3% the S&P 500 lost 0.7% while the NASDAQ gained 0.2%.
On the bond markets, rates were at 3.441%
