Dow Futures Tick Higher Ahead of Key PPI Data
Investing.com
_news_article_title_published Oct 12, 2022 00:40
By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after major indices declined for the fifth consecutive session, with market participants remaining cautious ahead of key producer price data as well as minutes from the Federal Reserve’s latest meeting.
By 19:10 ET (23:10 GMT) Dow Jones Futures and S&P 500 Futures were up 0.1%, while Nasdaq 100 Futures added 0.2%.
In extended deals, VOXX International Corporation (NASDAQ:VOXX) fell 11.9% after the company reported Q2 losses of $0.42 per share, worse than expected losses of $0.07, while revenues were reported at $125.7 million versus $137.93 million.
Ahead in Wednesday’s session, investors will be watching September’s producer price index, which is expected to increase 0.2% following declines of 0.1% last month. In addition, minutes from the Federal Reserve’s September meeting will also be monitored for clues into the path of future rate hikes.
On the earnings front, PepsiCo Inc (NASDAQ:PEP) is set to report before the bell on Wednesday, while reports from major financial companies will be released later in the week.
During Tuesday’s trade, the Dow Jones Industrial Average added 36.3 points or 0.1% to 29,239.2. The S&P 500 fell 23.6 points or 0.7% to 3,588.8, and the NASDAQ Composite fell 115.9 points or 1.1% to 10,426.2.
On the bond markets, United States 10-Year were at 3.945%.
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