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Dow futures tick lower ahead of public holiday

Published 02/07/2023, 23:52
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Investing.com - U.S. stock futures were trading in a mixed fashion on Sunday night, with markets trading higher during Friday's trade as weakening PCE prices boosted investor sentiment.

By 18:45 ET (22:45 GMT), Dow Jones futures were down 0.1%, while S&P 500 futures and Nasdaq 100 futures were flat.

Ahead in the week, market participants will be monitoring ISM and Markit manufacturing PMIs, factory orders, FOMC meeting minutes, ADP employment change, import and export data, ISM and Markit services PMIs, jobless claims, average hourly earnings and nonfarm payrolls, as well as speeches from FOMC member Williams and the Fed's Logan.

The market will also close at 13:00 ET on Monday ahead of the Fourth of July holiday and will remain closed until Wednesday.

On Friday, the Dow Jones Industrial Average added 285.2 points or 0.8% to 34,407.6, the S&P 500 gained 53.9 points or 1.2% to 4,450.4, and the Nasdaq Composite added 196.6 points or 1.5% to 13,787.9. For the week, the Dow gained 2%, S&P 500 popped 2.4%, and the Nasdaq surged 2.3%.

On the bond markets, United States 10-Year rates were at 3.838%.

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