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Dow futures tick lower, FOMC minutes awaited

Published 11/20/2022, 06:28 PM
© Reuters.
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By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages finished the week in a mixed fashion as market participants weighed slowing CPI and PPI data against hawkish rhetoric from Federal Reserve policymakers.

By 18:25 ET (23:25 GMT) Dow Jones Futures were down 0.1%, S&P 500 Futures were flat, and Nasdaq 100 Futures ticked 0.1% higher.

Ahead in the week, market participants will be looking towards the release of the FOMC’s meeting minutes for clues on the size of the next interest rate hike in December. Meantime, Investors will be monitoring fresh manufacturing and services PMI readings, Michigan consumer sentiment, durable goods orders and new home sales.

On the earnings front, companies set to report results include VMware Inc (NYSE:VMW), Pinduoduo (NASDAQ:PDD), Agilent Technologies Inc (NYSE:A), Analog Devices Inc (NASDAQ:ADI) and Dollar Tree Inc (NASDAQ:DLTR).

During Friday’s trading session, the Dow Jones Industrial Average added 199.4 points or 0.6% to 33,745.7, the S&P 500 gained 18.8 points or 0.5% to 3,965.3 and the NASDAQ Composite finished flat at 11,146.1. For the week, the Dow gained 0.3%, the S&P 500 fell 0.3%, and the NASDAQ lost 0.8%.

On the bond markets, United States 10-Year rates were at 3.829%.

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