Dow futures tick higher, Fed mulls further hikes – U.S. stock futures were trading higher during Sunday’s evening trade, following a mixed week among major benchmark averages amid rising bond yields as comments from the Federal Reserve’s Jerome Powell indicated that policymakers are prepared to raise rates further to combat inflation pressures.

By 7:55pm ET (11:55pm GMT) Dow Jones FuturesS&P 500 Futures and Nasdaq 100 Futures were up 0.2% apiece.

in the week ahead, market participants will be monitoring CB consumer confidenceJOLTs job openingsADP employment change, preliminary GDP data, pending home salescore PCE price indexaverage hourly earningsnonfarm payrolls and the ISM manufacturing PMI.

Reporting companies this week include Bank of Montreal (NYSE:BMO), Bank of Nova Scotia (NYSE:BNS), HP Inc (NYSE:HPQ), Hewlett Packard Enterprise Co (NYSE:HPE), Best Buy Co Inc (NYSE:BBY), Salesforce Inc (NYSE:CRM), Broadcom Inc (NASDAQ:AVGO), UBS Group AG (NYSE:UBS) and Lululemon Athletica Inc (NASDAQ:LULU).

During Friday’s regular trade, the Dow Jones Industrial Average added 247.5 points or 0.75 to 34,346.9, the S&P 500 lifted 29.4 points or 0.7% to 4,405.7 and the NASDAQ Composite added 126.7 points or 0.9% to 13,590.7. For the week, the Dow dipped 0.5% the S&P 500 added 0.6% and the ixic gained 1.8%.

On the bond markets, United States 10-Year rates were at 4.239%

Leave a Reply

Your email address will not be published. Required fields are marked *