U.S. stock futures were trading in a tight range during Sunday’s evening deals, with major benchmark indices surging in the previous week as market participants look ahead to corporate earnings from major tech companies.
Ahead in the week, investors will be monitoring the NY empire state manufacturing index, retail sales, industrial production, business inventories, building permits, housing starts, existing home sales and Philadelphia Fed manufacturing data.
On the earnings front, companies including Bank of America Corp (NYSE:BAC), Morgan Stanley (NYSE:MS), Lockheed Martin Corporation (NYSE:LMT), Tesla Inc (NASDAQ:TSLA), International Business Machines (NYSE:IBM), Netflix Inc (NASDAQ:NFLX), and Goldman Sachs Group Inc (NYSE:GS) are set to release quarterly results.
During Friday’s regular trade, the Dow Jones Industrial Average added 113.9 points or 0.3% to 34,509, the S&P 500 eased 4.6 points or 0.1% to 4,505.4 and the NASDAQ Composite slipped 24.9 points or 0.2% to 14,113.7. For the week, the Dow popped 2.4% to 4-week highs, while the S&P 500 and NASDAQ added 2.5% and 2.2% respectively to finish at 15-month highs.
On the bond markets, United States 10-Year rates were at 3.834%.