Dow Futures Move Lower As Earnings Season Begins
2022.10.09 19:24
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices finished the week in a mixed fashion amid volatile trading conditions as investors brace for a busy week amid corporate earnings, FOMC minutes and highly anticipated consumer price index data.
By 7:10pm ET (11:10pm GMT) were down 0.5%, while and dipped 0.6% apiece.
Ahead in the week, market participants will be closely monitoring speeches from fed policymakers including and as well as FOMC members and for further clues on the Fed’s rate hike path. In addition, fresh and data, the FOMC’s latest , and will be watched, as well as fresh earnings results from companies including Morgan Stanley (NYSE:), JPMorgan Chase & Co (NYSE:), Citigroup Inc (NYSE:), Wells Fargo & Company (NYSE:), PepsiCo Inc (NASDAQ:) and Delta Air Lines Inc (NYSE:).
During Friday’s trade, the lost 360.2 points or 2.1% to 29,296.8, the fell 104.9 points or 2.8% to 3,639.7 and the dipped 420.9 points or 3.8% to 10,652.4. For the week, the Dow lifted 1.5%, the S&P 500 added 0.8% while the NASDAQ lifted just 0.1%.
On the bond markets, rates were at 3.885%.
