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Dow Futures Tick Higher After Losing Week -Breaking


© Reuters.

Oliver Gray – U.S. stock futures were  trading higher Sunday evening after major benchmark averages posted losses last week on fears that policy tightening by the Federal Reserve could tilt the economy into recession.

6.30pm ET (11:30 GMT) There was a 0.3% increase, 0.4% gain and 0.7% lift in stock at that time.

Market participants will focus on the earnings reports of major retailers, including Walmart Inc (NYSE): in the coming week. Target Corporation (NYSE: Home Depot Inc (NYSE:). Elsewhere, Deere & Company (NYSE:) is also on deck, along with a handful of technology companies.

Investors will also be keeping an eye on data this week. There is a strong pickup in consumer spending expected in April. Meanwhile, new data the and expect to show a slowdown for the industrial sector. The week will also include data for the, the, and the.

The Friday gain was 466.4 points, or 1.5%, to 32,196.7. 93.8 points, or 2.4%, to 4,023.9. 434.4%, to 11805. The week saw all three averages show significant decreases of 1.5%. 1.4%. and 1.1%.

Mega-cap tech firms led the recovery, with Apple Inc. (NASDAQ;) rising 3.2%, Alphabet Inc. (NASDAQ.:) increasing 2.8%, Block Inc. (NYSE:] gaining 11.1% and Inc. [NASDAQ.:] lifting 5.7% while Microsoft Corporation was up 2.3%.

Rates on the bond market were 2.922%