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Dow futures little changed, inflation and earnings in focus By Investing.com

by Index Investing News
May 8, 2023
in Stocks
Reading Time: 2 mins read
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© Reuters.

Investing.com – U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages capped a mixed a week amid ongoing banking turmoil while major tech companies delivered better than expected quarterly earnings results.

By 7:10pm ET (11:10pm GMT) , , were trading within a range of 0.1%.

In the week ahead, investors will be looking towards key , , and price indexes as well as preliminary Michigan and readings.

Speeches from the Fed’s , and the FOMC’s will also be closely watched.

Earnings season is set to continue this week with companies including Berkshire Hathaway (NYSE:) B (NYSE:), PayPal Holdings Inc (NASDAQ:), Airbnb Inc (NASDAQ:), Toyota Motor Corporation ADR (NYSE:), Walt Disney Company (NYSE:), Occidental Petroleum Corporation (NYSE:) and Tapestry Inc (NYSE:) scheduled to deliver results.

During Friday’s session, the added 546.6 points or 1.7% to 33,674.4, the gained 75 points or 1.9% to 4,136.3 and the 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, rates were at 3.441%



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