Dow Futures Trade Flat After Indices Finish at 3-Month Lows

By Oliver Gray

Investing.com - U.S. stock futures remained little changed during Sunday’s evening deals, after major benchmark averages finished the previous week at 3-month lows as surging interest rates and slowing global growth soured risk sentiment.

By 19:00 ET (23:00 GMT) Dow Jones Futures were flat while S&P 500 Futures and Nasdaq 100 Futures declined 0.1% and 0.2%, respectively.

Ahead in the week, market participants will be paying particular attention to a batch of speeches from Federal Reserve officials including Bullard, Bowman and Powell, while personal consumption expenditures inflation, personal income and spending, new home sales and durable goods orders will also be closely watched.

During Friday’s trade, the Dow Jones Industrial Average lost 486.3 points or 1.6% to 29,590.4, the S&P 500 fell 64.8 points or 1.7% to 3,693.2, and the NASDAQ Composite shed 198.9 points or 1.8% to 10,867.9. For the week, the Dow lost 3.8%, the S&P 500 shed 4.3%, and the NASDAQ lost 4.4%.

On the bond markets, United States 10-Year rates surged to 3.691%, the highest level since February 2011.

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