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Dow futures tick lower as investors brace for tech earnings

Stock Markets Jan 22, 2023 06:49PM ET
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By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, following a mixed week for major benchmark averages as market participants digested slowing economic data, a lower US Dollar Index, and falling yields ahead of major tech earnings.

By 18:40 ET (23:40 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading 0.1% lower.

Ahead in the week, investors will be bracing for a busy week of U.S. economic events including preliminary Manufacturing and Services PMIs, core durable goods orders, the preliminary Q4 GDP reading, initial jobless claims, new home sales, PCE price index, Michigan consumer sentiment, and pending home sales data.

In addition, earnings season is set to heat up with companies such as Microsoft Corporation (NASDAQ:MSFT), International Business Machines (NYSE:IBM), Tesla Inc (NASDAQ:TSLA), Visa Inc (NYSE:V), Intel Corporation (NASDAQ:INTC), and Chevron Corp (NYSE:CVX) set to report results.

During Friday’s regular trade, the Dow Jones Industrial Average added 330.9 points or 1% to 33,375.5, the S&P 500 added 73.7 points or 1.9% to 3,972.6, and the NASDAQ Composite lifted 288.2 points or 2.7% to 11,140.4.

On the bond markets, United States 10-Year rates were at 3.484%.

 
 
Dow futures tick lower as investors brace for tech earnings
 

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Comments (5)
Hank Williams
Hank Williams Jan 22, 2023 11:10PM ET
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Yes but the WS Salesman are pushing the couch potato stocks because they have nothing else and have gotten spoiled on old technology.
srinivasa rao Pulapaka
srinivasa rao Pulapaka Jan 22, 2023 11:04PM ET
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Mario , Buy the News Sell the Rumor
srinivasa rao Pulapaka
srinivasa rao Pulapaka Jan 22, 2023 11:03PM ET
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Mario Don't Trade the News
Bryan Cecilio
Bryan Cecilio Jan 22, 2023 9:45PM ET
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Devaluation if the dollar. Sending our inflation around the world. Bond yields drop stocks rise. All temporary.
Mario De
Mario De Jan 22, 2023 9:34PM ET
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Can someone help me here..? Us has hit its debt ceiling, but how has the market gone up? Are the big traders trying to trap small retail investors like me?
 
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