Dow futures slip, CPI and Fed meeting in focus
2022.12.11 18:43
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© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark averages fell to 3-week lows as growing recession fears tempered risk sentiment, with investors looking ahead to key data and a widely expected 50 basis point from Federal Reserve policymakers.
By 6:25pm ET (11:25pm GMT) and were down 0.2% while declined 0.3%.
Ahead in the week, market participants will be closely monitoring data on Tuesday, and the Federal Reserve’s and on Wednesday, with policymakers set to raise rates by 50 basis points following four months of 75 bps hikes. In addition, traders will be watching , and PMIs, and the .
During Friday’s trade, fell 305 points or 0.9% to 33,476.5, the lost 29.1 points or 0.7% to 3,934.4 and the dipped 77.4 points or 0.7% to 11,004.6. For the week, the Dow shed 2.5%, the S&P500 lost 2.8% and the NASDAQ declined 3.4%.
On the data front, last week’s rose by 0.3% in November, above expectations of 0.2%, while growth rate fell from 8.1% to 7.4%, above expectations of 7.2%, while the index rose from 56.8 to 59.1, above expectations of 56.9.
On the bond markets, rates were at 3.584%.
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