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Dow futures little changed, inflation and earnings in focus

Published 08/05/2023, 09:03 am
Updated 08/05/2023, 09:11 am
© Reuters.
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Investing.com - U.S. stock futures were trading in a tight range during Sunday's evening deals, after major benchmark averages capped a mixed week amid ongoing banking turmoil while major tech companies delivered better-than-expected quarterly earnings results.

By 19:10 ET (23:10 GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were trading within a range of 0.1%.

In the week ahead, investors will be looking towards key consumer, producer, import and export price indexes as well as preliminary Michigan sentiment and expectation readings.

Speeches from the Fed's Jefferson, Waller and the FOMC's Bowman will also be closely watched.

Earnings season is set to continue this week with companies including Berkshire Hathaway (NYSE:BRKa) (NYSE:BRKb), PayPal Holdings (NASDAQ:PYPL), Airbnb (NASDAQ:ABNB), Toyota Motor (NYSE:TM), Walt Disney (NYSE:DIS), Occidental Petroleum (NYSE:OXY), and Tapestry (NYSE:TPR) scheduled to deliver results.

During Friday's session, the Dow Jones Industrial Average added 546.6 points or 1.7% to 33,674.4, the S&P 500 gained 75 points or 1.9% to 4,136.3, and the Nasdaq Composite added 269 points or 2.3% to 12,235.4. For the week, the Dow shed 1.3%, the S&P 500 lost 0.7%, while the Nasdaq gained 0.2%.

On the bond markets, United States 10-Year rates were at 3.441%.

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