© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading higher Sunday evening after major benchmark averages posted losses last week on fears that policy tightening by the Federal Reserve could tilt the economy into recession.
By 6:30pm ET (10:30pm GMT) were up 0.3%, gained 0.4% and lifted 0.7%.
Ahead in the week, market participants will be focussed on corporate earnings reports from major retailers including Walmart Inc (NYSE:), Target Corporation (NYSE:) and Home Depot Inc (NYSE:). Elsewhere, Deere & Company (NYSE:) is also on deck, along with a handful of technology companies.
Investors will also have their eye on data this week which is expected to a show pickup in consumer spending in April, while fresh data, the and the are expected to point to a slowdown in the industrial sector. Data for , , and the is also due throughout the week.
On Friday, the added 466.4 points or 1.5% to 32,196.7, the gained 93.8 points or 2.4% to 4,023.9 and the gained 434 points or 3.8% to 11,805. For the week, all three averages posted significant declines, down 1.5%, 1.4% and 1% respectively.
Among stocks, mega-cap tech companies led the rebound, with Apple Inc (NASDAQ:) gaining 3.2%, Alphabet Inc (NASDAQ:) up 2.8%, Block Inc (NYSE:) gaining 11.1%, Amazon.com Inc (NASDAQ:) lifting 5.7% and Microsoft Corporation (NASDAQ:) up 2.3%.
On the bond markets, rates were at 2.922%.
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