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Dow futures trade higher after losing week

Published 06/26/2023, 07:10 AM
© Reuters.
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Investing.com - U.S. stock futures were trading higher during Sunday's evening deals, after major benchmark averages posted their worst respective weeks since March as market sentiment faded amid profit taking and hawkish rhetoric from Federal Reserve policymakers throughout the week.

By 19:00 ET (23:00 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each 0.2% higher.

Ahead in the week, building permits data, durable goods orders, CB consumer confidence, new home sales, goods trade balance, Fed bank stress test results, Q1 GDP, pending home sales, PCE price index, personal income and spending as well as Michigan consumer sentiment and expectations. Meanwhile, speeches from Williams, Powell and Bostic will also be monitored.

On the earnings front, companies including Walgreens Boots Alliance Inc (NASDAQ:WBA), Jefferies Financial Group Inc (NYSE:JEF), Micron Technology Inc (NASDAQ:MU), and Nike Inc (NYSE:NKE) are set to report results.

Analyze corporate earnings results with InvestingPro.

During Friday's regular trading session, the Dow Jones Industrial Average fell 219.3 points or 0.7% to 33,727.4, the S&P 500 lost 33.6 points or 0.8% to 4,348.3, and the Nasdaq Composite fell 138.1 points or 1% to 13,492.5.

On the bond markets, United States 10-Year rates were at 3.723%.

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