Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Dow futures slip, earnings and Fed decision in focus

Published 2023-07-23, 07:34 p/m
© Reuters

Investing.com - U.S. stock futures were trading in a mixed fashion during Sunday's evening deals, following a similarly mixed week amongst major benchmark averages as market participants processed a slew of quarterly earnings results from major companies.

By 19:30 ET (23:30 GMT), Dow Jones futures and S&P 500 futures were down 0.1% apiece while Nasdaq 100 futures added 0.1%.

In the week ahead, investors will be looking towards a key interest rate decision and statement from U.S. Federal Reserve policymakers amid expectations of a 25 basis point hike.

Throughout the week, preliminary manufacturing and services PMIs, CB consumer confidence, building permits, new and pending home sales, core durable goods orders, Q2 GDP data, core PCE price index, and Michigan sentiment and expectations surveys will also be closely monitored.

On the earnings front, companies including Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), Boeing Co (NYSE:BA), Amazon.com Inc (NASDAQ:AMZN), and Chevron Corp (NYSE:CVX) are scheduled to report quarterly results.

Stay up to date with the latest results with InvestingPro.

During Friday's trade the Dow Jones Industrial Average and S&P 500 both finished flat at 35,227.7 and 4,536.3 respectively, while the Nasdaq Composite lost 30.5 points or 0.2% to 14,032.8.

On the bond markets, United States 10-Year rates were at 3.841%.

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.