Dow futures lift following positive week, banking sector in focus

  • Stock Market News
Dow futures lift following positive week, banking sector in focus
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading higher during Sunday's evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable.

By 18:40 ET (22:40 GMT) Dow Jones futures and Nasdaq 100 futures gained 0.4% apiece while S&P 500 futures added 0.5%.

In the week ahead, market participants will be monitoring any developments in the failing banking sector, while goods trade balance , CB consumer confidence , pending home sales , GDP , PCE , and Michigan consumer sentiment , as well as speeches from the Fed's Jefferson , Yellen , and the FOMC's Barkin will also be closely watched.

During Friday's trade, the Dow Jones Industrial Average added 132.3 points or 0.4% to 32,237.5, the S&P 500 gained 22.3 points or 0.6% to 3,971, and the Nasdaq Composite lifted 36.6 points or 0.3% to 11,824. For the week, the Dow gained 1.2%, the S&P 500 lifted 1.4%, and the Nasdaq added 1.8%.

On the bond markets, United States 10-Year rates were at 3.372%.


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