Stock Groups

Dow Futures Up After 8 Weeks of Decline -Breaking

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© Reuters.

Oliver Gray 

Investing.com – U.S. stock futures moved higher in Sunday’s evening deals after major benchmark indices finished the week lower amid a broad market sell-off as stubbornly high inflation and tightening central bank policies soured risk appetite.

At 6:45 PM ET (11:45 GMT), the stock was up 0.5% and had gained 0.6%. They were also up 0.7% by 0.7%.

As corporate earnings for this week continue to grow, investors are looking at major retailers. Reporting companies include Costco Wholesale Corp (NASDAQ:), Macy’s Inc (NYSE:), Nordstrom Inc (NYSE:), Best Buy Co Inc (NYSE:),  Zoom Video Communications Inc (NASDAQ) and NVIDIA Corporation, (NASDAQ).

Data-wise, it is possible to see a slowdown in PMIs and both are likely to point to this slowdown.

Meantime, investors will be hoping that Wednesday’s can offer insights about whether the central bank policymakers can curb the highest inflation in four decades without triggering a global recession.

Another important release is the,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, as well as home sales. 

During Friday’s regular trading session, the added 8.77 points to 31,261.9, the finished little changed at 3,901.36 and the inched 0.3% lower. Dow lost 2.8% during the week and closed at 14-month-lows. This was the Dow’s eighth consecutive losing week since 1923. The S&P 500 dipped 2.8%, posting the worst losing streak since 2001 and the Nasdaq dipped 3.2% to finish at the lowest levels since November 2020.

 

 

 

 

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