Traders on the floor of the NYSE, Oct. 12, 2022.
Source: NYSE
Stock futures were little changed Sunday evening as investors weighed a potential slowdown or pause in Federal Reserve interest rate hikes and looked ahead to a busy week of earnings.
Futures tied to the Dow Jones Industrial Average were lower by 27 points, or 0.08. S&P 500 futures barely budged and Nasdaq 100 futures also sat near the flat line.
On Friday, the major averages rallied to finish the week after briefly losing the momentum of the January rally. The Nasdaq posted a slight gain for the week. However, the Dow and S&P each logged down weeks. All of the major averages remain in the green for the month. The Nasdaq is leading the others with a 6.44% year-to-date gain.
“The markets are becoming increasingly enthused that the bout of high inflation is quickly moving behind us and the period of tight monetary policy is coming to an end,” said Brian Levitt, global market strategist at Invesco. “While the economy will likely…
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