Dow Futures Tick Higher After Indices Post Their Worst Week Since June By Investing.com



© Reuters.

By Oliver Gray

Investing.com – U.S. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and later this week.

By 7:10pm ET (11:10pm GMT) and were up 0.2% apiece, while were flat at 11,862.7.

Ahead in the week, market participants will be closely focused on the Federal Reserve’s following a hotter-than-expected reading boosted expectations for a third consecutive 0.75% rate hike, lifting Fed funds rate to a target range of 3% to 3.25%.

Investors will also be monitoring and , as well as the and on Thursday.

On the corporate earnings front, companies including Darden Restaurants Inc (NYSE:), Costco Wholesale Corp (NASDAQ:), General Mills Inc (NYSE:) and Lennar Corporation (NYSE:) are slated to release results.

During Friday’s trade, the fell 139.4 points or 0.5% to 30,822.4, the dipped 28 points or 0.7% to 3,873.3 and the lost 104 points or 0.9% to 11,448.4.

On the bond markets, yields were at 3.451%.



Source link

Leave a Reply

Your email address will not be published.