Dow futures steady as CPI snaps stock rally
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Investing.com - U.S. stock futures were trading in a tight range during Thursday's evening deals, after a negative performance among benchmark averages as fresh CPI data soured risk appetites, while traders braced for major financial earnings later in the session.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading within a range of 0.1%.
Ahead in Friday's trade, market participants will be monitoring import and export price indexes and preliminary Michigan consumer sentiment and expectations surveys as well as speech from FOMC member Harker.
Among earnings, companies including UnitedHealth Group Incorporated (NYSE:UNH), JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), BlackRock Inc (NYSE:BLK), Citigroup Inc (NYSE:C), PNC Financial Services Group Inc (NYSE:PNC) and Progressive Corp (NYSE:PGR) are expected to release earnings results.
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During Thursday's regular session, the Dow Jones Industrial Average lost 173.7 points or 0.5% to 33,631.2, the S&P 500 dipped 27.3 points or 0.6% to 4,349.6 and the NASDAQ Composite dipped 85.5 points or 0.6% to 13,574.2.
On the bond markets, United States 10-Year rates were at 4.697%.
Dow futures steady as CPI snaps stock rally