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Foreign central banks held $39.755 billion in U.S. Treasury securities in the week ending March 13, compared with a previous weeks figure of $9.333 billion.March 13th - According to the Financial Times, the head of the CME Group warned that if the Trump administration attempts to suppress oil prices by intervening in the derivatives market during its conflict with Iran, it will face "catastrophic consequences." CME CEO Terry Duffy stated that if the US government attempts to curb rising crude oil prices by intervening in the futures market, it will undermine market confidence. The exchange manages the US oil futures trading market. Duffy said, "The market doesnt like government intervention in pricing." He stated that if the government takes such action, it could trigger an "epic disaster" because investors might lose confidence in the markets ability to set prices for key commodities. Previously, it was reported that the US Treasury Department was considering measures to lower oil prices, including intervention in the futures market.Market news: S&P has assessed rule changes that could accelerate SpaceXs inclusion in the S&P 500 index.The Dow Jones Industrial Average closed down 739.42 points, or 1.56%, at 46,677.85 on Thursday, March 12; the S&P 500 closed down 103.22 points, or 1.52%, at 6,672.58; and the Nasdaq Composite closed down 404.16 points, or 1.78%, at 22,311.98.March 13th - U.S. stocks closed lower on Thursday. The Dow Jones Industrial Average fell 1.56%, the S&P 500 fell 1.5%, and the Nasdaq Composite fell 1.78%. Occidental Petroleum (OXY.N) rose 5%, while TSMC and Intel (INTC.O) both fell by around 5%. Nvidia (NVDA.O) fell more than 1%, and Apple (AAPL.O) fell nearly 2%. The Nasdaq China Golden Dragon Index closed down 1%, XPeng Motors (XPEV.N) rose 3.5%, and Alibaba (BABA.N) fell more than 1%.

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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