Dow futures gain after negative week, yields touch 16-year highs

  • Stock Market News
Dow futures gain after negative week, yields touch 16-year highs
Credit: © Reuters. - U.S. stock futures were trading higher during Sunday's evening trade after a negative week for major benchmark averages as investors retreated in the face of rising long term bond yields, following hawkish rhetoric from Federal Reserve policymakers.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures , S&P 500 Futures , Nasdaq 100 Futures were each up by 0.2%.

In the week ahead, investors will be closely monitoring building permits , CB consumer confidence , new home sales , durable goods orders , Q2 GDP , pending home sales and PCE price index data, as well as speeches from Kashkari , Bowman , Powell , Cook and Williams .

Among earnings, companies scheduled to report quarterly results include Costco Wholesale Corp (NASDAQ: COST ), Cintas Corporation (NASDAQ: CTAS ), Neogen Corporation (NASDAQ: NEOG ), Micron Technology Inc (NASDAQ: MU ), Nike Inc (NYSE: NKE ), Accenture plc (NYSE: ACN ) and Carnival Corporation (NYSE: CCL ).

During Friday's regular trade, the Dow Jones Industrial Average lost 106.6 points or 0.3% to 33,963.9, the S&P 500 dipped 10 points or 0.2% to 4,320.1 and the NASDAQ Composite fell 12.2 points or 0.1% to finish at 13,211.8. For the week, the Dow shed 1.9%, the S&P 500 fell 2.8% and the NASDAQ lost 3.4%.

On the bond markets, United States 10-Year rates retreated from fresh 16-year highs to 4.436%.

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