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U.S. index futures continue to slide after volatile week By Investing.com


© Reuters.

by Oliver Gray

Investing.com – Wall Street’s major index futures traded lower on Sunday evening, after a volatile week of trading when Federal Reserve policymakers raised prices by half a percentage point while signaling higher than same size.

At 10:19 pm, , and o were trading down 1.2%.

First-quarter earnings are expected to continue this week, albeit at a slower pace, with companies like Palantir Technologies Inc (NYSE:), BioNTech SE (NASDAQ:) and Novavax Inc (NASDAQ:) scheduled to release results before opening on Monday.

Investors will also be looking at the price on Wednesday amid expectations for an 8.1% year-on-year increase, down from March’s reading of 8.5%. The , which measures wholesale prices, is released this Thursday.

In other news, US First Lady Jill Biden made a surprise visit to Ukraine on Sunday in a move to show US support for the nation invaded by Russia as the conflict nears the three-month mark. The US and the G-7 countries also announced that they would increase short-term financial support to Ukraine.

During last week’s trading, the Composite lost 1.54%, the S&P 500 slipped 0.21% and the S&P 500 was down 0.24%, respectively. It was the sixth straight week of declines for the Dow and the fifth straight for the other two major indices.

CHECK: Real-time US stock quote on the pre-market

In bond markets, bonds traded at 3.128%, peaking at 3.158%, the highest levels since November 2018.

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