Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Dow Futures Tick Lower Ahead of Fed Hike, Earnings Season Heats Up

Stock Markets Jul 25, 2022 09:09
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters
 
US500
-0.48%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US30
-0.48%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USTECH
-0.50%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
+3.06%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IXIC
+3.34%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
3MF
0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Oliver Gray

Investing.com - U.S. stock futures were mixed during Sunday’s evening deals, following a positive week among major U.S. indices as market participants prepare for the busiest week of corporate earnings, while further interest rate hikes are expected at Wednesday’s Federal Reserve interest rate decision.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.1% apiece, while Nasdaq 100 Futures added 0.1%.

Ahead in the week, the Federal Reserve is widely expected to deliver a 75 basis point hike after concluding its two-day policy meeting on Wednesday. Additionally, major companies including Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), 3M Company (NYSE:MMM), Boeing Co (NYSE:BA), Forward Industries Inc (NASDAQ:FORD), and Intel Corporation (NASDAQ:INTC), are slated to publish their quarterly results.

On the data front, the preliminary estimate of GDP is expected to show an expansion of 0.4% in Q2, reversing a decline of 1.6% in the previous period. In addition, CB consumer confidence, new and pending home sales, durable goods orders as well as the Chicago, Dallas, Richmond, and Kansas Fed Manufacturing indices will also be closely monitored.

During Friday’s session, major benchmark averages fell on the back of weaker-than-expected earnings from Snap Inc (NYSE:SNAP). The Dow Jones Industrial Average lost 137.61 points or 0.4% to 31,899.3. The S&P 500 declined 0.9% to 3,961.6, while the NASDAQ Composite traded 1.87% lower at 11,834.11. For the week, the Dow gained 2%, The S&P 500 advanced 2.6% and the Nasdaq lifted 3.3%.

Among stocks, Snap Inc (NYSE:SNAP) shed 39.1% after reporting earnings.

Twitter Inc (NYSE:TWTR) gained 0.8% despite announcing weaker-than-anticipated earnings, revenue, and user growth.

Verizon Communications Inc (NYSE:VZ) lost 6.7% after earnings missed Wall Street's projections.

On the bond markets, United States 10-Year rates were at 2.752%.

Dow Futures Tick Lower Ahead of Fed Hike, Earnings Season Heats Up
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email