Auto News

Dow Jones Index Futures Weak After Best Week Since 2020 By

© Reuters

By Oliver Gray – Major benchmarks ended the week sharply higher and traded slightly lower in evening trading on Sunday after ending with their biggest gains since July 2020 as market participants turned to a continued deluge of earnings results and key data.

As of 6:55 pm ET (10:55 am GMT), , and were all down 0.4%.

Investors will be watching July’s print closely, with analysts predicting a slowdown in hiring, forecast to add 250K jobs, the weakest since December 2020, when it is expected to hold steady at 3.6%.

Other important economic data include Final, ISM and. PMI index, , , , , and .

Meanwhile, earnings season continues as several major companies, including Eli Lilly & Company (NYSE: ), report their quarterly results. Gilead Sciences Inc. (NASDAQ: Uber Technologies Inc. (NYSE: ), caterpillar Inc (NYSE: ) and Amgen Inc. (NASDAQ: ).

During Friday trading, it was up 315 points or 1% at 32,845.1, up 57.9 points or 1.4% at 4,130.3 and up 228.1 points or 1.9% at 12,390.7. For the month, the Dow gained 6.7%, the S&P 500 gained 9.1% and the Nasdaq Composite gained 12.4%.

In the bond market, interest rates hit their lowest level in three months, ie 2.654%

Related Articles

Back to top button