Investing
Dow futures lift following positive week, banking sector in focus
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable.
By 6:40pm ET (10:40pm GMT) and gained 0.4% apiece while added 0.5%.
In the week ahead, market participants will be monitoring any developments in the failing banking sector, while , , , , and , as well as speeches from the Fed’s , and the FOMC’s will also be closely watched.
During Friday’s trade, the added 132.3 points or 0.4% to 32,237.5, the gained 22.3 points or 0.6% to 3,971 and the lifted 36.6 points or 0.3% to 11,824. For the week, the Dow gained 1.2%, the S&P 500 lifted 1.4% and the NASDAQ added 1.8%.
On the bond markets, rates were at 3.372%.
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