By Oliver Gray
Investing.com – U.S. stock futures were trading in a tight range during Sunday’s evening deals, after major benchmark averages closed out the week with the biggest losses so far this year as investors retreated following commentary from the FOMC’s latest meeting minutes.
By 6:30pm ET (11:30pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading in a range of 0.1%.
Ahead in the week, market participants will be monitoring fresh core durable goods orders, pending home sales, CB consumer confidence, ISM manufacturing and services PMIs, as well as speeches from the Fed’s Logan as well as FOMC members Bostic and Barkin.
On the earnings front, companies including Berkshire Hathaway (NYSE:BRKa) (NYSE:BRKb), Helmerich and Payne Inc (NYSE:HP), Target Corporation (NYSE:TGT), Lowe’s Companies Inc (NYSE:LOW), Merck & Company Inc (NYSE:MRK), Occidental Petroleum Corporation (NYSE:OXY) and Zoom Video Communications Inc (NASDAQ:ZM) are slated to release results throughout the week.
During Friday’s trade, the Dow Jones Industrial Average fell 337 points or 1% to 32,816.9, the S&P 500 lost 24.3 points or 1.1% to 3,970.1 and the NASDAQ Composite dipped 195.5 points or 1.7% to 11,394.9. For the week, the Dow retreated 2.6%, the S&P 500 lost 2% and the NASDAQ fell 2.1%.
On the bond markets, United States 10-Year rates were at 3-month highs of 3.947%.