This post was originally published on this site
Investing.com – U.S. stock futures fell during Sunday’s evening deals, after major benchmark averages finished the week lower following the U.S. Federal Reserve’s widely anticipated 75 basis point rate hike as market participants brace for fresh consumer price index data as well as congressional midterm elections.
By 6:40pm ET (11:40pm GMT) Dow Jones Futures were down 0.6%, S&P 500 Futures fell 0.7% and Nasdaq 100 Futures were down 0.9%.
Ahead in the week, investors will be closely monitoring fresh CPI data for October, with headline inflation seen rising 0.7% month-on-month, while core inflation is expected to lift 0.5% over the previous month. Speeches from FOMC members Williams, Mester, and the Fed’s Waller will be watched for clues into the central bank’s path of interest rate increases, in addition to initial jobless claims and Michigan consumer sentiment data.
Among earnings, companies including Palantir Technologies Inc (NYSE:PLTR), Activision Blizzard Inc (NASDAQ:ATVI) and Take-Two Interactive Software Inc (NASDAQ:TTWO) are scheduled to report results as earnings season begins to wind down.
During Friday’s trade, the Dow Jones Industrial Average added 402 points or 1.3% to 32,403.2, the S&P 500 gained 50.7 points or 1.4% to 3,770.6 and the NASDAQ Composite lifted 132.3 points or 1.3% to 10,475.3. For the week, the Dow fell 1.1%, the S&P 500 dipped 2.9% and the NASDAQ lost 5%.
On the bond markets, United States 10-Year rates were at 4.154%.
