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Dow futures tick lower, major earnings ahead

Published 04/23/2023, 06:50 PM
Updated 04/23/2023, 06:50 PM
© Reuters

By Oliver Gray - U.S. stock futures were trading slightly lower during Sunday's evening deals, after major benchmark averages finished the week in the red as market participants braced for a deluge of corporate earnings results and economic data.

By 18:45 ET (22:45 GMT) Dow Jones futures were trading 0.1% lower, while S&P 500 futures and Nasdaq 100 futures declined 0.2% apiece.

In the week ahead, investors will be monitoring CB consumer confidence, building permits, new home sales, core durable goods orders, preliminary GDP figures, pending home sales, PCE price index, Chicago PMI, and Michigan consumer sentiment.

Quarterly earnings results will also kick into a higher gear with reporting companies including Coca-Cola (NYSE:KO), First Republic Bank (NYSE:FRC), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Nestle (OTC:NSRGY), PepsiCo (NASDAQ:PEP), McDonald’s (NYSE:MCD), General Electric (NYSE:GE), Meta Platforms (NASDAQ:META), Bank of America (NYSE:BAC), (NASDAQ:AMZN), Mastercard (NYSE:MA), Intel (NASDAQ:INTC), Exxon Mobil (NYSE:XOM), and Chevron (NYSE:CVX).

Stay ahead of the curve this earnings season with InvestingPro.

During Friday's trade, the Dow Jones Industrial Average added 22.3 points or 0.1% to 33,809, the S&P 500 lifted 3.7 points or 0.1% to 4,133.5, and Nasdaq Composite gained 12.9 points or 0.1% to 12,072.5. For the week, the Dow dipped 0.4%, the S&P 500 eased 0.1%, and the Nasdaq lost 0.3%.

On the bond markets, United States 10-Year rates were at 3.567%.

Latest comments

yeah right, setting up the manipulation now.
Only if banks can get more cash loan for them. But this week might be doomed if more people withdrawing cash, banks might have cashflow problem. Bubble will explode when no more manipulated pump.
Interest rates remain relatively stable.
The gig economy is changing the nature of work.
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