Dow futures gain after negative week, yields touch 16-year highs

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Published Sep 24, 2023 06:44PM ET

Dow futures gain after negative week, yields touch 16-year highs © Reuters.

Investing.com – U.S. stock futures were trading higher during Sunday’s evening trade after a negative week for major benchmark averages as investors retreated in the face of rising long term bond yields, following hawkish rhetoric from Federal Reserve policymakers.

By 6:35pm ET (10:35pm GMT) , , were each up by 0.2%.

In the week ahead, investors will be closely monitoring , , , , Q2 , and data, as well as speeches from , , , and .

Among earnings, companies scheduled to report quarterly results include Costco Wholesale Corp (NASDAQ:), Cintas Corporation (NASDAQ:), Neogen Corporation (NASDAQ:), Micron Technology Inc (NASDAQ:), Nike Inc (NYSE:), Accenture plc (NYSE:) and Carnival Corporation (NYSE:).

During Friday’s regular trade, the lost 106.6 points or 0.3% to 33,963.9, the dipped 10 points or 0.2% to 4,320.1 and the fell 12.2 points or 0.1% to finish at 13,211.8. For the week, the Dow shed 1.9%, the S&P 500 fell 2.8% and the NASDAQ lost 3.4%.

On the bond markets, rates retreated from fresh 16-year highs to 4.436%.

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