Dow Futures Trade Lower After Posting Best Week Since 1976

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Dow Futures Trade Lower After Posting Best Week Since 1976
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages rallied in the previous week, with the Dow posting its best week in decades as investors continued to monitor a slew of corporate earnings results.

By 19:05 ET (23:05 GMT) Dow Futures and S&P 500 Futures were 0.1% lower while Nasdaq Futures eased 0.2%.

In the week ahead, market participants will be looking toward the U.S. Federal Reserve’s interest rate decision and policy statement , amid expectations of another 75 basis point hike. In addition, investors will be closely monitoring Manufacturing and Services PMIs, JOLTs Job Openings , and ADP Nonfarm Employment Change data.

On the earnings front, major companies to report results include Berkshire Hathaway (NYSE: BRKa ), Advanced Micro Devices (NASDAQ: AMD ), Uber (NYSE: UBER ), PayPal (NASDAQ: PYPL ), and Exxon Mobil (NYSE: XOM ).

During Friday’s session, the Dow Jones Industrial Average added 828.5 points or 2.6% to 32,861.8, the S&P 500 added 93.8 points or 2.5% or 3,901.1, and the NASDAQ Composite gained 309.8 points or 2.9% to 11,102.5. For the week, the Dow surged 5.3%, the S&P 500 gained 3.7%, and the NASDAQ lifted 2.2%

On the bond markets, United States 10-Year bond yields were at 4.016%.

 
 

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