Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Shatikay Matomba
Jan 09, 2023 4:52AM ET
i think will be bearish at this time
2
1
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Free Webinar - Decode the market's secrets! | Tuesday, May 30, 2023 | 01:00PM EDT Enroll Now
Dow futures tick higher, CPI in focus
Published Jan 08, 2023 06:46PM ET
© Reuters.
By Oliver Gray
Investing.com - U.S. stock futures lifted slightly during Sunday’s overnight deals, after major benchmark averages posted weekly advances as fresh hourly earnings data and a contracting services sector indicated easing inflation pressures.
By 18:30 ET (23:30 GMT) Dow Jones Futures were up 0.1%, S&P 500 Futures added 0.2%,and Nasdaq 100 Futures were up 0.4%.
Ahead in the week, market participants will be focused on December’s Consumer Price Index, with the month-on-month reading expected to come in at 0.1%, bringing the annualized rate to 6.6% from 7.1% in the prior month. In addition, Michigan consumer sentiment, import and export prices, while speeches from Federal Reserve Chair Jerome Powell and FOMC Member Harker will also be closely monitored.
On the earnings front, major banking companies including JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), and Wells Fargo & Company (NYSE:WFC) are expected to report results.
During Friday’s trade, the Dow Jones Industrial Average added 700.5 points or 2.1% to 33,630.6, the S&P 500 gained 87 points or 2.3% to 3,895.1, and the NASDAQ Composite lifted 264.1 points or 2.6% to 10,569.3. For the week, the Dow lifted 1.4%, the S&P 500 added 1.1%, and the NASDAQ ticked 0.1% higher.
On the bond markets, United States 10-Year rates were at 3.56%.
Related Articles
Comments (5)
Victor Nganga
Jan 09, 2023 12:12AM ET
Awesome another hot week ahead of earnings the Bulls are back in style..
2
2
Ben Rama
Jan 08, 2023 8:23PM ET
How quick people forget last time fed spoke with conviction! This tine will be far worst.. earnings are a hughe miss!! Bearish as it can be
3
2
Atlantic Coast Money
Jan 08, 2023 7:21PM ET
Buy the banks asap.
1
0
Hagenimana Olivier
Jan 08, 2023 6:54PM ET
nice
1
0
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
Add a Comment
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.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.