Dow futures lift following positive week, banking sector in focus
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By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable.
By 6:40pm ET (10:40pm GMT) Dow Jones Futures and Nasdaq 100 Futures gained 0.4% apiece while S&P 500 Futures added 0.5%.
In the week ahead, market participants will be monitoring any developments in the failing banking sector, while goods trade balance, CB consumer confidence, pending home sales, GDP, PCE and Michigan consumer sentiment, as well as speeches from the Fed’s Jefferson, Yellen and the FOMC’s Barkin will also be closely watched.
During Friday’s trade, the Dow Jones Industrial Average added 132.3 points or 0.4% to 32,237.5, the S&P 500 gained 22.3 points or 0.6% to 3,971 and the NASDAQ Composite lifted 36.6 points or 0.3% to 11,824. For the week, the Dow gained 1.2%, the S&P 500 lifted 1.4% and the NASDAQ added 1.8%.
On the bond markets, United States 10-Year rates were at 3.372%.