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According to RIA Novosti, the Russian Ministry of Defense stated that Russian troops have taken control of Bilyakivka in the Dnipropetrovsk region of Ukraine.The Russian Ministry of Defense stated that in the past week, Russian forces conducted two large-scale strikes and six small-scale strikes against military targets in Ukraine.On February 27th, Ukrainian Defense Minister Mikhailov stated that the Ukrainian military hopes to accelerate the production of anti-ballistic missiles for the Patriot air defense system to help defend against Russian attacks. Fedorov indicated that Kyiv urgently needs air defense equipment and is seeking to establish joint ventures with partners to expedite the production of equipment designed to intercept ballistic missiles. The US-made Patriot missiles have been a crucial component of Ukraines air defense system, enabling the Ukrainian army to shoot down Kinshah and Zexson missiles, which Russia has claimed are uninterceptable. Ukrainian President Zelenskyy has expressed growing dissatisfaction with delays by allies in delivering hardware, including air defense systems.February 27th - The Nasdaq Composite Index fell sharply on Thursday, erasing all of Wednesdays gains, as tensions between the US and Iran continued to weigh on the market. While the macroeconomic backdrop was favorable for market gains, short-term risks kept the market range-bound. The Nasdaq fell sharply yesterday after initial reports that the third round of US-Iran talks had broken down, with Iran reportedly rejecting US demands. However, the latest news indicates that significant progress has actually been made in the negotiations, with the next round scheduled for next week. This back-and-forth in macroeconomic and geopolitical factors has kept most markets range-bound. Currently, the main risks facing the Nasdaq are a potential escalation of the US-Iran military conflict and a hawkish adjustment in the Federal Reserves interest rate expectations.A Taliban spokesman said the Afghan Taliban launched drone attacks on Pakistani targets.

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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