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Dow futures slip, Fed decision in focus

Published 13/06/2023, 23:58
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Investing.com - U.S. stock futures were trading in a mixed fashion during Tuesday's evening trade, following a positive session among benchmark averages after key inflation data came in lower than expected, while investors look ahead to a key interest rate decision and press conference from Federal Reserve policymakers

By 6:45pm ET (10:45pm GMT) Dow Jones Futures were down 0.3%, S&P 500 Futures were flat and Nasdaq 100 Futures added 0.1%

In extended deals, Logitech International SA (NASDAQ:LOGI) slipped 0.2% after the company announced the departure of CEO Bracken Darrell.

Ahead in Wednesday's trade, market participants are pricing in an 87.4% chance of a pause in interest rate hikes from the Federal Reserve, while monthly PPI data is expected to come in at -0.1%.

During Tuesday's regular session, the Dow Jones Industrial Average added 145.8 points or 0.4% to 43,212.1, the S&P 500 lifted 30.1 points or 0.7% to 4,369 and the NASDAQ Composite gained 111.4 points or 0.8% to 13,573.3.

On the bond markets, United States 10-Year rates were near monthly highs of 3.827%.

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