Dow Futures Trade Flat After Indices Finish at 3-Month Lows

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Dow Futures Trade Flat After Indices Finish at 3-Month Lows
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures remained little changed during Sunday’s evening deals, after major benchmark averages finished the previous week at 3-month lows as surging interest rates and slowing global growth soured risk sentiment.

By 19:00 ET (23:00 GMT) Dow Jones Futures were flat while S&P 500 Futures and Nasdaq 100 Futures declined 0.1% and 0.2%, respectively.

Ahead in the week, market participants will be paying particular attention to a batch of speeches from Federal Reserve officials including Bullard , Bowman and Powell , while personal consumption expenditures inflation , personal income and spending , new home sales and durable goods orders will also be closely watched.

During Friday’s trade, the Dow Jones Industrial Average lost 486.3 points or 1.6% to 29,590.4, the S&P 500 fell 64.8 points or 1.7% to 3,693.2, and the NASDAQ Composite shed 198.9 points or 1.8% to 10,867.9. For the week, the Dow lost 3.8%, the S&P 500 shed 4.3%, and the NASDAQ lost 4.4%.

On the bond markets, United States 10-Year rates surged to 3.691%, the highest level since February 2011.

 
 

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