Dow futures drop as earnings season begins

Dow futures drop as earnings season begins

by Oliver Gray – U.S. stock futures traded lower on overnight trades on Sunday, after the major benchmark indexes ended the week in a mixed fashion amid volatile trading conditions as investors braced for a busy week amid corporate earnings, FOMC minutes and upcoming CPI data. Extremely .

By 7:10 PM ET (11:10 PM GMT) it was down 0.5%, while it was down 0.6% each.

Later in the week, market participants will closely watch speeches from Fed policy makers including as well as members of the Federal Open Market Committee for more clues on the path of the Fed rate hike. In addition to the new data, which is the latest for the Federal Open Market Committee, and will be seen, as well as new earnings results from companies including Morgan Stanley (NYSE:), JPMorgan Chase & Co (NYSE:), City Group Inc (NYSE :), Wells Fargo & Company (NYSE:), PepsiCo Inc (NASDAQ:), and Delta Air Lines Inc (NYSE:).

During Friday’s trading, it lost 360.2 points or 2.1% to 29296.8, fell 104.9 points or 2.8% to 3639.7 points, and fell 420.9 points or 3.8% to 10652.4. Over the week, the Dow is up 1.5%, the S&P 500 is up 0.8% while the NASDAQ is up just 0.1%.

In the bond markets, rates were 3.885%.

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