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Dow Futures Lift After Indices Post Best Week Since June

Published 10/24/2022, 07:30 AM
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By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Sunday’s evening deals, after major indices posted their greatest weekly advance in 4 months as market participants digested an increasing inflow of third-quarter earnings results.

By 7:20pm ET (11:20pm GMT) Dow Jones Futures were up 0.6%, S&P 500 Futures lifted 0.7% and Nasdaq 100 Futures were up 1%.

Ahead in the week, investors will be closely monitoring preliminary Manufacturing and Services PMI readings, speeches from Treasury Secretary Yellen and the Fed’s Waller, CB consumer confidence as well as goods trade balance, new home sales, durable goods orders, GDP data and the PCE price index. In addition, major technology companies including Apple Inc (NASDAQ:AAPL), Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) are set to report earnings results.

 During Friday’s regular session, the Dow Jones Industrial Average added 749 points or 2.5% to 31,082.6, the S&P 500 gained 87 points or 2.4% t 3,752.8 and the NASDAQ Composite lifted 244.9 points or 2.3% to 10,859.7.

On the bond markets, United States 10-Year yields were at 14-year highs of 4.219%

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