Investing.com - U.S. stock futures were trading higher during Sunday's evening trade, following a mixed week among major benchmark averages and rising bond yields as comments from the Federal Reserve's Jerome Powell indicated that policymakers are prepared to raise rates further to combat inflation pressures.
By 19:55 ET (23:55 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were up 0.2% apiece.
In the week ahead, market participants will be monitoring CB consumer confidence, JOLTs job openings, ADP employment change, preliminary GDP data, pending home sales, core PCE price index, average hourly earnings, nonfarm payrolls, and the ISM manufacturing PMI.
Reporting companies this week include Bank of Montreal (NYSE:BMO), Bank of Nova Scotia (NYSE:BNS), HP Inc (NYSE:HPQ), Hewlett Packard Enterprise Co (NYSE:HPE), Best Buy Co Inc (NYSE:BBY), Salesforce Inc (NYSE:CRM), Broadcom Inc (NASDAQ:AVGO), UBS Group AG (NYSE:UBS), and Lululemon Athletica Inc (NASDAQ:LULU).
During Friday's regular trade, the Dow Jones Industrial Average added 247.5 points or 0.7 to 34,346.9, the S&P 500 lifted 29.4 points or 0.7% to 4,405.7, and the Nasdaq Composite added 126.7 points or 0.9% to 13,590.7. For the week, the Dow dipped 0.5%, the S&P 500 added 0.6%, and the Nasdaq gained 1.8%.
On the bond markets, United States 10-Year rates were at 4.239%.