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Dow futures trade steady ahead of public holiday

Published 06/18/2023, 07:40 PM
© Reuters.
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Investing.com - U.S. stock futures were trading in positive territory during Sunday's evening deals, following a strong week for major benchmark averages as easing CPI data and a pause from Federal Reserve policymakers boosted investor sentiment, with major markets set to remain closed for a public holiday on Monday.

By 19:20 ET (23:20 GMT), Dow Jones futures were trading flat, S&P 500 futures lifted 0.1%, and Nasdaq 100 futures gained 0.3%.

In the week ahead, investors will be closely monitoring preliminary building permits, housing starts, Q1 current account data, existing home sales, and Markit's preliminary manufacturing and services PMIs.

Key speeches will also be watched from FOMC members Bullard, Williams, Bowman, Barkin, Bostic, and Mester, as well as the Fed's Powell, Cook, and Jefferson.

During Friday's session, the Dow Jones Industrial Average lost 108.9 points or 0.3% to 34,299.1, the S&P 500 fell 16.3 points or 0.4% to 4,409.6, and the Nasdaq Composite dipped 93.3 points or 0.7% to 13,689.6.

For the week, the Dow added 1.2% to 4-month highs, while the S&P 500 and Nasdaq lifted 2.7% and 2.3%, respectively, to each finish at 14-month highs.

On the bond markets, United States 10-Year rates were at 3.769%.

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