Dow futures tick higher, Fed mulls further hikes

Investing.com – U.S. stock futures were trading higher during Sunday’s evening trade, following a mixed week among major benchmark averages amid rising bond yields as comments from the Federal Reserve’s Jerome Powell indicated that policymakers are prepared to raise rates further to combat inflation pressures.

By 7:55pm ET (11:55pm GMT) , and were up 0.2% apiece.

in the week ahead, market participants will be monitoring , , , preliminary data, , , , and the .

Reporting companies this week include Bank of Montreal (NYSE:), Bank of Nova Scotia (NYSE:), HP Inc (NYSE:), Hewlett Packard Enterprise Co (NYSE:), Best Buy Co Inc (NYSE:), Salesforce Inc (NYSE:), Broadcom Inc (NASDAQ:), UBS Group AG (NYSE:) and Lululemon Athletica Inc (NASDAQ:).

During Friday’s regular trade, the added 247.5 points or 0.75 to 34,346.9, the lifted 29.4 points or 0.7% to 4,405.7 and the added 126.7 points or 0.9% to 13,590.7. For the week, the Dow dipped 0.5% the S&P 500 added 0.6% and the ixic gained 1.8%.

On the bond markets, rates were at 4.239%.