Dow Futures Move Higher After Winning Week
2022.09.11 20:18
By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages snapped three consecutive weeks decline while market participants look ahead to key inflation data set to be released later in the week.
By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3%, while Nasdaq 100 Futures lifted 0.4%.
Ahead in the week, investors will be closely monitoring August’s consumer price index print, with annual inflation expected to slow to 8.1% from 8.5%, while monthly inflation may fall by 0.1% to the first decline since May 2020. However, core inflation likely rose 0.3% over the previous month, pushing the annual rate to 6.1% from 5.9%. Market participants will also be watching U.S. retail sales, producer price index and the University of Michigan sentiment index.
During Friday’s session, the Dow Jones Industrial Average added 377.2 points or 1.2% to 32,151.7, the S&P 500 gained 61.2 points or 1.5% to 4,067.4 and the NASDAQ Composite added 250.2 points or 2.1% to 12,112.3. For the week, the Dow added 2.7%, the S&P 500 gained 3.65% and the Nasdaq Composite lifted 4.1%.
On the bond markets, United States 10-Year rates were at 3.315%.
