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Dow futures trade lower, data heavy week ahead

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

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