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Dow futures tick lower, earnings in focus

Published 14/04/2023, 00:00
Updated 14/04/2023, 00:00
© Reuters.

By Oliver Gray

Investing.com - U.S stock futures were trading lower during Thursday's evening trade, after major benchmark averages posted significant increases during regular trade as easing PPI data boosted risk sentiment ahead of corporate earnings results.

By 18:55 ET (22:55 GMT) Dow Jones futures and Nasdaq 100 futures were down 0.1% while S&P 500 futures traded flat.

Ahead in Friday's session, investors will be closely monitoring retail sales, industrial production, the preliminary Michigan consumer sentiment reading as well as a speech from the Fed's Waller.

Meanwhile, major financial companies are set to report results including JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C).

During Thursday's regular trade, the Dow Jones Industrial Average added 383.2 points or 1.1% to 34,029.7, the S&P 500 lifted 54.3 points or 1.3% to 4,146.2, and the Nasdaq Composite added 236.9 points or 2% to 12,166.3.

On the data front, the U.S. producer price index fell 0.5% on a monthly basis compared to expectations of a 0.1% increase.

On the bond markets, United States 10-Year rates were at 3.449%.

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