U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages finished the week in negative territory as slowing macroeconomic data soured risk sentiment ahead of further corporate earnings results and CPI data due later in the week.
A closing yesterday, Dow Jones Futures were up 0.1%, S&P 500 Futures gained 0.2% and Nasdaq 100 Futures lifted 0.3%.
Ahead in the week, market participants will be closely monitoring NFIB small business optimism, trade balance, preliminary Michigan consumer sentiment and expectations, CPI and PPI data, as well as speeches from FOMC members Harker and Bowman, Investing.com cited.
Meanwhile, Q2 earnings season is set to continue with companies including Sony Group Corp (NYSE:SONY), Palantir Technologies Inc (NYSE:PLTR), Glencore (OTC:GLNCY) (LON:GLEN) PLC (OTC:GLCNF), SoftBank Group Corp. (OTC:SFTBF), Rivian Automotive Inc (NASDAQ:RIVN), Fox Corp (NASDAQ:FOX), Warner Music Group (NASDAQ:WMG), Walt Disney Company (NYSE:DIS) and Alibaba Group Holdings (NYSE:BABA) reporting throughout the week.
During Friday’s regular session, the Dow Jones Industrial Average fell 23.9 points or 0.5% to 35,065.6, the S&P 500 lost 23.9 points or 0.5% to 4,478 and the NASDAQ Composite lost 50.5 points or 0.4% to 13,909.24.
On the bond markets, United States 10-Year rates were at 4.058%.
