Dow Futures Trade Lower After Positive Week By


© Reuters.

By Oliver Gray – U.S. stock futures were trading lower during Sunday’s evening deals, easing from a major rebound last week as investors monitored growing recession fears which were accompanied by a pullback in bond yields, facilitating gains among risk-sensitive sectors. However, despite last week’s bounce, Wall Street is preparing to post the worst first half for stocks in decades.

By 6:40pm ET (10:40pm GMT) , and were each down 0.3%.

Ahead in the week, market participants will be closely monitoring , and data, with the , the Fed’s preferred inflation metric, is expected to ease for a third month to a 6-month low. Meantime, the is expected to print the slowest growth in factory activity since July 2020. Investors will also be eyeing fresh , , , and final growth estimates for Q1.

Last week, all major averages finished higher. The climbed 5.4% last week. The increased 6.5%, and the gained 7.5%.

On the bond markets, rates were at 3.138%.

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