US stock futures experienced a decline during Sunday’s evening trading, as investors keep an eye out for key economic indicators and corporate earnings reports set to be released in the coming days.
As of 6:35 PM ET, the Dow Jones Futures dipped by 0.1%, while the S&P 500 Futures and Nasdaq 100 Futures showed a decline of 0.2% and 0.3% respectively.
This week, market participants will be monitoring a range of economic data, including January’s Consumer Price Index (CPI) and Producer Price Index (PPI), retail sales, industrial production, business inventories, housing starts, and import and export prices, among others. Additionally, speeches from prominent economists and central bankers, including Williams, Harker, Bullard, and Mester, are also expected to draw attention from investors.
Major corporations, including Coca-Cola, Cisco Systems, Paramount Group, and Deere & Company, will also announce their earnings results this week.
Last Friday, the Dow Jones Industrial Average rose by 0.5% to 33,869.3, while the S&P 500 increased by 0.2% to 4,090.5. The Nasdaq Composite, however, saw a decline of 0.6% to 11,718.1. For the week, the Dow remained steady, while the S&P 500 and Nasdaq slipped by 0.7% and 1.5% respectively.
In the bond market, 10-year Treasury yields in the U.S. reached five-week highs of 3.742%.