Dow futures trade flat after positive week

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By Oliver Gray – U.S stock futures were trading in a mixed fashion during Sunday’s evening trade, after major benchmark averages closed out a positive week as easing PCE data boosted investor sentiment.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures remained flat while S&P 500 Futures and Nasdaq 100 Futures lost 0.2% and 0.4%, respectively.

Ahead in the shortened Easter week, market participants will be closely watching Markit and ISM manufacturing and services PMIs, factory orders, JOLTs Job openings, ADP nonfarm employment change, average hourly earnings and initial jobless claims, as well as a speech from Fed Governor Cook.

On Friday, the Dow Jones Industrial Average added 415.1 points or 1.3% to 33,274.2, the S&P 500 gained 58.5 points or 0.5% to 4,109.3 and the NASDAQ Composite lifted 208.4 points or 1.7% to 12,221.9. For the week, the Dow lifted 1.2% to over 4-month highs, the spx popped 3.2% to 6-week highs and the NASDAQ gained 3% to finish at 8-week highs.

On the bond markets, United States 10-Year rates were at 3.471%.