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Dow Futures Tick Lower Following Public Holiday

Stock Markets Jul 05, 2022 06:48
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© Reuters

By Oliver Gray 

Investing.com - U.S. Stock futures were flat in overnight trading on Monday, with major benchmark averages remaining closed during regular hours for a public holiday after closing out the previous week with significant losses.

By 6:40pm ET (10:40pm GMT) Dow Jones Futures and S&P 500 Futures were 0.1% lower while the Nasdaq 100 Futures remained unchanged.

Ahead in the week, market participants will be eyeing the release of June’s nonfarm payrolls data, with expectations of 250K added, declining from the previous month’s 390K added, while the unemployment rate is expected to come in at 3.6%.

Meantime, the release of Federal Reserve’s latest meeting minutes are scheduled for Wednesday, while factory orders, ISM Non-Manufacturing PMI, JOLTs job openings and trade balance data will also be watched closely throughout the week. On the earnings front, reports from WD-40 and Levi Strauss are scheduled for Friday.

Last week, the Dow Jones Industrial Average dipped 1.3%, the S&P 500 dropped 2.2%, and the NASDAQ Composite fell 4.1%.

On the bond markets, United States 10-Year rates were at 2.921%.

Dow Futures Tick Lower Following Public Holiday
 

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