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Dow futures trade flat, retail earnings in focus

Published 02/26/2023, 06:38 PM
Updated 02/26/2023, 06:38 PM
© Reuters.

By Oliver Gray - U.S. stock futures were trading in a tight range during Sunday's evening deals, after major benchmark averages closed out the week with the biggest losses so far this year as investors retreated following commentary from the FOMC's latest meeting minutes.

By 18:30 ET (23:30 GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each trading in a range of 0.1%.

Ahead in the week, market participants will be monitoring fresh core durable goods orders, pending home sales, CB consumer confidence, ISM manufacturing and services PMIs, as well as speeches from the Fed's Logan and FOMC members Bostic and Barkin.

On the earnings front, companies including Helmerich and Payne Inc (NYSE:HP), Target Corporation (NYSE:TGT), Lowe’s Companies Inc (NYSE:LOW), Merck & Company Inc (NYSE:MRK), Occidental Petroleum Corporation (NYSE:OXY), and Zoom Video Communications Inc (NASDAQ:ZM) are slated to release results throughout the week.

During Friday's trade, the Dow Jones Industrial Average fell 337 points or 1% to 32,816.9, the S&P 500 lost 42.3 points or 1.1% to 3,970.1, and the Nasdaq Composite dipped 195.5 points or 1.7% to 11,394.9. For the week, the Dow retreated 2.6%, the S&P 500 lost 2%, and the Nasdaq fell 2.1%.

On the bond markets, United States 10-Year rates were at 3-month highs of 3.947%.

Latest comments

it is misguiding...Merck already reported on February 2nd...
Things are about to get very bad
I cannot disagree
so you keep saying in every comment, under every story, every day.. a broken clock comes to mind..
the treasury was already robbed by the Republicans during the Trump Administration....they added 20% to the deficit in 4 years....
Earnings should beat expectations as interest rate hikes are doing little to slow the economy or slow inflation.
The Biden Administration and Democrats keep giving away money as their response to inflation meaning every step the Fed makes - Socialist Democrats send the country back two steps.
Dont base your interest in a company on one foggy assumption
Would be very helpful if the writer can break down each day of the week in a list like Moday: such and such #, earnings for this... Tuesday: earning from.... etc
Other countries are starting to raise rates faster than Fed.
Thanks for screwing the beginning of the year.
not wrong there
Inevitable weakness in retail earnings can produce buying opportunities in the sector, if analysts come to senses. The sector has had big, unjustifiable runup. Buy after the earning releases only.
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