Dow Futures Lengthen Declines After Powell Reiterates Hawkish Stance
By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices retreated on Friday following Fed Chair Powell’s comments at the , signaling a willingness to hike interest rates even if it causes economic pain.
By 7:00pm ET (11:00pm GMT) were down 0.6%, fell 0.8% and fell 1%.
Ahead in the week, market participants will be monitoring more speeches from Federal Reserve officials, as well as , and data. Key data will also be closely watched, with the economy expected to add 285k positions and unemployment to hold at 5%.
During Friday’s regular trade, the fell 1,008 points or 3% to 32,283.4, the shed 141.5 points or 3.4% to 4,057.7 and the fell 3.9% to 12,141.7.
On the bond markets, rates were at 3.043%.