Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dow Futures Tick Higher After Losing Week

Published 15/05/2022, 23:34
Updated 15/05/2022, 23:34
© Reuters.

© Reuters.

By Oliver Gray  

Investing.com - U.S. stock futures were  trading higher Sunday evening after major benchmark averages posted losses last week on fears that policy tightening by the Federal Reserve could tilt the economy into recession.

By 6:30pm ET (10:30pm GMT) Dow Jones Futures were up 0.3%, S&P 500 Futures gained 0.4% and Nasdaq 100 Futures lifted 0.7%.

Ahead in the week, market participants will be focussed on corporate earnings reports from major retailers including Walmart Inc (NYSE:WMT), Target Corporation (NYSE:TGT) and Home Depot Inc (NYSE:HD). Elsewhere, Deere & Company (NYSE:DE) is also on deck, along with a handful of technology companies.

Investors will also have their eye on retail sales data this week which is expected to a show pickup in consumer spending in April, while fresh industrial production data, the NY Empire State Manufacturing Index and the Philadelphia Fed Manufacturing Index are expected to point to a slowdown in the industrial sector. Data for housing starts, building permits, existing home sales and the NAHB Housing Market Index is also due throughout the week.

On Friday, the Dow Jones Industrial Average added 466.4 points or 1.5% to 32,196.7, the S&P 500 gained 93.8 points or 2.4% to 4,023.9 and the NASDAQ Composite gained 434 points or 3.8% to 11,805. For the week, all three averages posted significant declines, down 1.5%, 1.4% and 1% respectively.

Among stocks, mega-cap tech companies led the rebound, with Apple Inc (NASDAQ:AAPL) gaining 3.2%, Alphabet Inc (NASDAQ:GOOGL) up 2.8%, Block Inc (NYSE:SQ) gaining 11.1%, Amazon.com Inc (NASDAQ:AMZN) lifting 5.7% and Microsoft Corporation (NASDAQ:MSFT) up 2.3%.

On the bond markets, United States 10-Year rates were at 2.922%.

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.