Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Dow futures Little Changed Following Mixed Session

Stock Markets Jun 29, 2022 06:44PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock index futures were flat during overnight trading Wednesday, following a mixed session among major benchmark averages as investors remain cautious in the face of surging inflation and aggressive rate hikes from central bank policymakers.

By 08:45 PM ET (2245 GMT) Dow Jones Futures and Nasdaq 100 Futures remained flat, while S&P 500 Futures eased 0.1%.

On the economic data front, weekly jobless claims will be in focus Thursday, with 228K first-time filers expected. Meantime, the core PCE price index, Personal income and spending data will also be released.

Among earnings, Constellation Brands Inc (NYSE:STZ) and Walgreens Boots Alliance Inc (NASDAQ:WBA) will post quarterly updates before the opening bell, while Micron Technology Inc (NASDAQ:MU) is set to report after the market closes.

In policy news, Federal Reserve Bank of Cleveland President Loretta Mester told CNBC that she supports a 75 basis point hike at the central bank’s upcoming July meeting if current economic conditions persist. Earlier in June, the Fed raised its benchmark interest rate by three-quarters of a percentage point, which was the largest increase since 1994.

During Wednesday’s regular deals, the Dow Jones Industrial Average finished up 82.3 points or 0.3% to 31,029.3, the S&P 500 slipped 0.1% to 3,818.8, and the NASDAQ Composite inched lower by 0.03% to 11,177.9.

Among stocks, General Mills Inc (NYSE:GIS) shares rose about 6.4% after the company reported larger than expected earnings and revenue for its most recent quarter.

Bed Bath & Beyond Inc (NASDAQ:BBBY) shares plummeted roughly 23.6% after the company posted a huge miss on quarterly earnings and revenue expectations and announced its CEO is stepping down.

Tech stocks were supported by easing bond yields, with Amazon.com Inc (NASDAQ:AMZN) up 1.4%, Microsoft Corporation (NASDAQ:MSFT) adding 1.5%, Meta Platforms Inc (NASDAQ:META) up 2%, and Apple Inc (NASDAQ:AAPL) gaining 1.3%

On the bond markets, United States 10-Year rates were at 3.087%.

 
Dow futures Little Changed Following Mixed Session
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email