Dow futures tick lower as investors brace for tech earnings

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By Oliver Gray – U.S. stock futures were trading in a tight range during Sunday’s evening deals, following a mixed week for major benchmark averages as market participants digested slowing economic data, a lower US Dollar Index and falling yields ahead of major tech earnings.

By 6:40pm ET (11:40pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower.

Ahead in the week, investors will be bracing for a busy week of economic events including preliminary Manufacturing and Services PMIs, core durable goods orders, the preliminary Q4 GDP reading, initial jobless claims, new home sales, PCE price index, Michigan consumer sentiment and pending home sales data.

In addition, earnings season is set to heat up with companies such as Microsoft Corporation (NASDAQ:MSFT), International Business Machines (NYSE:IBM), Tesla Inc (NASDAQ:TSLA), Visa Inc (NYSE:V), Intel Corporation (NASDAQ:INTC) and Chevron Corp (NYSE:CVX) set to report results.

During Friday’s regular trade, the Dow Jones Industrial Average added 330.9 points or 1% to 33,375.5, the S&P 500 added 73.7 points or 1.9% to 3,972.6 and the NASDAQ Composite lifted 288.2 points or 2.7% to 11,140.4.

On the bond markets, United States 10-Year rates were at 3.484%.

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