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Dow futures slip, Fed flags further hikes

Published 05/07/2023, 23:32
© Reuters.
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Investing.com - U.S. stock futures were trading in a tight range during Wednesday's evening trade, following a negative session among benchmark averages as traders returned from a public holiday.

By 18:30 ET (22:30 GMT), Dow Jones futures eased 0.1% while S&P 500 futures and Nasdaq 100 futures were flat.

In extended deals, JetBlue Airways Corp (NASDAQ:JBLU) dipped 0.3% after the company announced an end to its partnership with American Airlines Group (NASDAQ:AAL).

Ahead in Thursday's trade, investors will be monitoring ADP employment change data, trade balance, jobless claims, Markit and ISM's services PMIs,  JOLTs job openings as well as a speech from the Fed's Logan.

During Wednesday's regular trade, the Dow Jones Industrial Average lost 129.8 points or 0.4% to 34,288.6, the S&P 500 dipped 8.8 points or 0.2% to 4,446.8, and the Nasdaq Composite eased 25.1 points or 0.2% to 13,791.7.

Investors were focused on the minutes from the Federal Reserve's latest policy meeting, in which nearly all policymakers indicated a high likelihood of further tightening.

On the bond markets, United States 10-Year rates were at 3.934%.

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