Dow Futures Trade Lower After Positive Week

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Dow Futures Trade Lower After Positive Week
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Sunday's evening deals, easing from a major rebound last week as investors monitored growing recession fears which were accompanied by a pullback in bond yields, facilitating gains among risk-sensitive sectors. However, despite last week's bounce, Wall Street is preparing to post the worst first half for stocks in decades.

By 6:40pm ET (10:40pm GMT) Dow Jones Futures , S&P 500 Futures and Nasdaq 100 Futures were each down 0.3%.

Ahead in the week, market participants will be closely monitoring consumer confidence , durable goods orders and personal consumption expenditure data, with the annual core PCE inflation , the Fed’s preferred inflation metric, is expected to ease for a third month to a 6-month low. Meantime, the ISM Manufacturing PMI is expected to print the slowest growth in factory activity since July 2020. Investors will also be eyeing fresh pending home sales , Chicago PMI , Dallas Fed Manufacturing Index , and final GDP growth estimates for Q1.

Last week, all major averages finished higher. The Dow Jones Industrial Average climbed 5.4% last week. The S&P 500 increased 6.5%, and the NASDAQ Composite gained 7.5%.

On the bond markets, United States 10-Year rates were at 3.138%.

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