🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Dow futures trade lower, data heavy week ahead

Published 05/14/2023, 08:02 PM
© Reuters.

Investing.com - U.S. stock futures were trading lower during Sunday's evening trade, after the Dow Jones Industrial Average and S&P 500 both capped their second consecutive weeks of decline.

By 19:20 ET (23:20 GMT), Dow Jones futures and S&P 500 futures were down 0.2% while Nasdaq 100 futures lost 0.3%.

In the week ahead, market participants will be closely monitoring, the NY Empire State and Philadelphia Fed manufacturing indexes, retail sales, industrial production, building permits, housing starts and existing home sales as well as key speeches from Bostic, Kashkari, Barkin, Cook, Mester, Barr, Logan, Jefferson, Williams, Bowman, and Powell.

Among earnings, companies scheduled to report quarterly results include Home Depot Inc (NYSE:HD), Take-Two Interactive Software Inc (NASDAQ:TTWO), Walmart Inc (NYSE:WMT), Cisco Systems Inc (NASDAQ:CSCO), and Applied Materials Inc (NASDAQ:AMAT).

During Friday's trade, the Dow Jones Industrial Average traded flat at 33,300.6, the S&P 500 lost 6.6 points or 0.2% to 4,124.1, and the Nasdaq Composite lost 43.8 points or 0.4% to 12,284.7. For the week, the Dow lost 1.1%, the S&P 500 fell 0.3%, while the NASDAQ added 0.4%.

On the bond markets, United States 10-Year rates were at 3.463%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.