Stock Groups

Dow Futures Trade Lower after Volatile Week -Breaking


© Reuters.

Oliver Gray 

Following a volatile trading week that saw Federal Reserve policymakers raise interest rates by one-half point, fell on Sunday evening. They also signaled further increases in the same amount.

They were trading at 0.6% each by 6:45pm ET (10.45pm GMT).

First quarter earnings results are set to continue this week, albeit at a slower pace, with companies such as Palantir Technologies Inc (NYSE:), BioNTech SE (NASDAQ:) and Novavax Inc (NASDAQ 🙂 will report its results prior to Monday’s opening bell

Market participants will also be looking ahead to Wednesday’s April amid expectations of an 8.1% increase year-over-year, easing from March’s reading of 8.5%. Thursday will see the release of The, which provides a measure of wholesale prices.

The U.S. first Lady Jill Biden surprised Ukraine with a surprise trip to the country on Sunday. This was to demonstrate U.S. support as the conflict with Russia approaches the three month mark. Group of Seven nations and the U.S. also declared that they would boost short-term financial support for Ukraine.

During last week’s trade, the lost 1.54%, the lost 0.21% and the fell 0.24%, respectively. This was the Dow’s sixth consecutive losing week, as well as the fifth consecutive loss for other major indexes.

The bond market yields reached 3.136%. This is the highest level since November 2018.