Dow Futures Dip After Strong Jobs Report

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Dow Futures Dip After Strong Jobs Report
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were trading lower during Sunday’s evening deals, with major benchmark averages coming off a positive week as stronger than expected NFP data boosted investor sentiment, while second-quarter earnings results continue to roll in.

By 7:15pm ET (11:15pm GMT) Dow Jones Futures were down 0.2%, while S&P 500 Futures and Nasdaq 100 Futures fell 0.3% apiece.

Ahead in the week, market participants will turn focus toward fresh CPI data set for release on Wednesday, which is expected to slow amid falling gasoline prices. Headline CPI is expected to dip to 8.7% in July from a 40-year high of 9.1% in the previous month. Meantime, producer price index data and the Michigan consumer sentiment index will also be closely watched.

During Friday’s session, the Dow Jones Industrial Average added 76.7 points or 0.2% to 32,803.5, the S&P 500 eased 6.8 points or 0.2% to 4,145.2, and the NASDAQ Composite lost 63 points or 0.5% to 12,657.6. For the week, the Dow ticked 0.1% higher, the S&P 500 added 0.8%, and the NASDAQ Composite rallied 2.7%.

On the bond markets, United States 10-Year rates were at 2.832%.

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