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Dow Futures Decline Slightly; FOMC Minutes Are Anticipated

Aria Thomas

Nov 21, 2022 11:21

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Sunday evening, U.S. stock futures were trading within a narrow range, as major benchmark averages ended the week in a mixed fashion as market participants weighed weak CPI and PPI data against aggressive language from Federal Reserve members.


At 6:25pm ET (11:25pm GMT), Dow Jones Futures were 0.1% lower, while S&P 500 Futures were unchanged and Nasdaq 100 Futures were 0.1% higher.


Ahead in the week, market participants will look to the FOMC's meeting minutes for hints regarding the size of the December interest rate hike. In the interim, investors will evaluate the most recent manufacturing and services PMI data, Michigan consumer confidence, durable goods orders, and new home sales.


VMware Inc (NYSE:VMW), Pinduoduo (NASDAQ:PDD), Agilent Technologies Inc (NYSE:A), Analog Devices Inc (NASDAQ:ADI), and Dollar Tree Inc (NASDAQ:DOL) are slated to report earnings.


On Friday, the Dow Jones Industrial Average increased 199.4 points, or 0.6%, to 33,745.7, while the S&P 500 increased 18.8 points, or 0.5%, to 3,965.3 and the NASDAQ Composite remained unchanged at 11,146.1. The Dow increased 0.3% for the week, while the S&P 500 fell 0.3% and the NASDAQ fell 0.8%.


The 10-Year U.S. bond market interest rate was 3.829%.