Dow futures lift as rally continues, major tech earnings in focus
Investing.com — U.S. stock futures were trading higher during Sunday's evening deals, after major benchmark averages posted their 3rd consecutive week of gains, each closing at 15-month highs as strong earnings results and easing inflation pressures boosted investor sentiment.
By 7:10pm ET (11:10pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures increased 0.1%, 0.2% and 0.3% respectively.
Ahead in the week, market participants will be monitoring both Markit and ISM manufacturing and services PMIs, JOLTs job openings, average hourly earnings and nonfarm payrolls data.
Earnings season is set also to continue, with quarterly results expected from Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), Advanced Micro Devices Inc (NASDAQ:AMD), Uber Technologies Inc (NYSE:UBER), Starbucks Corporation (NASDAQ:SBUX), PayPal Holdings Inc (NASDAQ:PYPL), Airbnb Inc (NASDAQ:ABNB) and Moderna Inc (NASDAQ:MRNA).
According to Refinitiv data, 78.7% of reporting companies have exceeded analyst expectations so far this season, well above the long-run average of 66%.
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During Friday's trade, the Dow Jones Industrial Average added 176.6 points or 0.5% to 34,459.3, the S&P 500 lifted 44.8 points or 1% to 4,582.2 and the NASDAQ Composite gained 266.6 points or 1.9% to 14,316.7.
On the bond markets, United States 10-Year rates were at 3.958%.
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