Dow futures slip, earnings and Fed decision in focus
- eirinila
- 24 Ιουλ 2023
- διαβάστηκε 1 λεπτά
Investing.com - U.S. stock futures were trading in a mixed fashion during Sunday's evening deals, following a similarly mixed week amongst major benchmark averages as market participants processed a slew of quarterly earnings results from major companies.
By 19:30 ET (23:30 GMT), Dow Jones futures and S&P 500 futures were down 0.1% apiece while Nasdaq 100 futures added 0.1%.
In the week ahead, investors will be looking towards a key interest rate decision and statement from U.S. Federal Reserve policymakers amid expectations of a 25 basis point hike.
Throughout the week, preliminary manufacturing and services PMIs, CB consumer confidence, building permits, new and pending home sales, core durable goods orders, Q2 GDP data, core PCE price index, and Michigan sentiment and expectations surveys will also be closely monitored.
On the earnings front, companies including Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), Boeing Co (NYSE:BA), Amazon.com Inc (NASDAQ:AMZN), and Chevron Corp (NYSE:CVX) are scheduled to report quarterly results.
During Friday's trade the Dow Jones Industrial Average and S&P 500 both finished flat at 35,227.7 and 4,536.3 respectively, while the Nasdaq Composite lost 30.5 points or 0.2% to 14,032.8.
On the bond markets, United States 10-Year rates were at 3.841%.
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