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Dow futures tick lower after 4th week of gains

Dow futures tick lower after 4th week of gains © Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages extended gains for the 4th consecutive week to finish near 8-month highs as speculation of smaller rate hikes from the Federal Reserve boosted risk sentiment.

By 6:40pm ET (11:40pm GMT) were down 0.1% while and declined 0.2% apiece.

Ahead in the week, market participants will be looking toward Monday’s , and  PMIs and October’s . and data comes in on Tuesday, quarterly on Wednesday, on Thursday, as well as and prints set for release on Friday.

On the earnings front, results from companies including Costco Wholesale Corp (NASDAQ:), AutoZone Inc (NYSE:) and Broadcom Inc (NASDAQ:) will be monitored throughout the week.

During Friday’s trade, the added roughly 35 points, or was 0.1% higher. The declined 0.1%, while the dipped 0.2%. For the week, the Dow gained 0.5%, the S&P 500 lifted 1.6% and the NASDAQ added 2.8%.

On the data front, came in at 263K jobs, above expectations of 200K and signaling further normalization after protracted pandemic disruptions, while boosting bets for less aggressive rate hikes at the Federal Reserve’s December .

On the bond markets , rates fell to 10-week lows of 3.492%.

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