Dow Futures Trade Lower After Posting Best Week Since 1976

© Reuters Dow Futures Trade Lower After Posting Best Week Since 1976

By Oliver Gray – U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages rallied in the previous week, with the Dow posting its best week in decades as investors continued to monitor a slew of corporate earnings results.

By 7:05pm ET (11:05pm GMT) Dow Futures and S&P 500 Futures were were 0.1% lower while NASDAQ Futures eased 0.2%.

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In the week ahead, market participants will be looking toward the U.S. Federal Reserve’s interest rate decision and policy statement, amid expectations of another 75 basis point hike. In addition, investors will be closely monitoring Manufacturing and Services PMIs, JOLTs Job Openings, and ADP Nonfarm Employment Change data.

On the earnings front, major companies to report results include Berkshire Hathaway (NYSE:BRKa), Advanced Micro Devices (NASDAQ:AMD), UBER, PayPal (NASDAQ:PYPL) and Exxon Mobil (NYSE:XOM).

During Friday’s session, the  Dow Jones Industrial Average added 828.5 points or 2.6% to 32,861.8, the S&P 500 added 93.8 points or 2.5% or 3,901.1 and the NASDAQ Composite gained 309.8 points or 2.9% to 11,102.5. For the week, the Dow surged 5.3%, the S&P500 gained 3.7% and the NASDAQ lifted 2.2%

On the bond markets, United States 10-year bond yields were at 4.016%.

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