Dow Futures Ease After Positive Week

  • Stock Market News
Dow Futures Ease After Positive Week
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading slightly lower during Sunday’s evening deals, after major benchmark averages rallied for the 4th consecutive week as CPI and PPI data indicated easing inflation pressures, as investors prepare for further corporate earnings results from major retailers.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures , S&P 500 Futures and Nasdaq 100 Futures were down by 0.2% apiece.

Ahead in the week, market participants will be looking towards July’s FOMC meeting minutes for any indication of easing interest rates rises. Wednesday’s retail sales figures expected to remain weak as high consumer prices continue to impact purchasing power. Meantime, building permits , housing starts and existing home sales are also set to be released during Wednesday’s session, while industrial production as well as the New York Empire State and Philadephia Fed Manufacturing indexes will also be closely monitored.

On the earnings front, major retailers such as Home Depot Inc (NYSE: HD ), Walmart Inc (NYSE: WMT ) and Target Corporation (NYSE: TGT ) are set to report results.

During Friday’s session, the Dow Jones Industrial Average added 424.4 points or 1.3% to 33,761.1, the S&P 500 gained 72.9 points or 1.7% to 4,280.1 and the NASDAQ Composite lifted 267.3 points or 2.1% to 13,047.2. For the week, the Dow added 2.9%, the S&P 500 advanced 3.25% and the Nasdaq Composite ended the week 3.08% higher.

On the bond markets, United States 10-Year rates were at 2.842%.

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