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Dow futures trade flat ahead of Powell testimony

Published 07-03-2023, 04:58 am
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Monday's evening deals, after major benchmark indices finished the regular session slightly higher as market participants look ahead to Federal Reserve Chair Jerome Powell’s testimony before congress on Tuesday and Wednesday.

By 18:20 ET (23:20 GMT) Dow Jones futures and S&P 500 futures were flat, while Nasdaq 100 futures ticked 0.1% lower.

Ahead in the week, wholesale inventoriestrade sales, and consumer credit data is set for release on Tuesday, while Wednesday's ADP employment change, trade balance, JOLTs job openings and the Fed's Beige book will also be closely monitored.

During Monday's regular trade, the Dow Jones Industrial Average gained 40.5 points or 0.1% to 33,431.4, the S&P 500 lifted 2.8 points or 0.1% to 4,048.4, and the Nasdaq Composite eased 13.3 points or 0.1% to 11,675.7.

On the bond markets, United States 10-Year rates were at 3.964%.


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