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On May 7th, Spanish Foreign Minister Álvarez reported that the Israeli Chargé dAffaires in Spain, Ehrlich, was summoned for the second time on May 6th. The Spanish Ministry of Foreign Affairs conveyed a statement to the Chargé dAffaires, stating that the "illegal detention" of Spanish nationals held by Israeli authorities from the "Global Resilience Fleet" should not be extended. The Spanish government believes that the Israeli militarys detention of Spanish crew members violates international law and that the detained crew members must be released immediately.The South Korean presidential office announced that South Korean President Lee Jae-myung spoke by phone with the Dutch Prime Minister to discuss cooperation in the fields of chips, artificial intelligence, and batteries.May 7 - According to Irans Tasnim News Agency, Iranian President Pezechzian said today (May 7) that he recently met with Irans Supreme Leader Mojtaba Khamenei. The meeting was held in a cordial atmosphere and the dialogue lasted for nearly two and a half hours.On May 7, Iranian state-run Islamic Republic Radio and Television posted on social media that Barak Ravid, a journalist for the American news website Axios, allegedly spread false information about the war with Iran multiple times to manipulate the market for profit. The post read: “Axios reported five times in 19 days that an agreement with Iran was ‘imminent.’ Five times—but no agreement was reached. It seems that the journalist known as Barak Ravid, along with his friends within the US government, may be profiting from market fluctuations!”Russian Foreign Ministry: Threats to the May 9 parade will not be taken lightly.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


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