© Reuters.
By Oliver Gray
Investing.com – moved slightly higher on Sunday evening after major benchmark averages finished last week lower as market participants look ahead to fresh inflation data, while monitoring the ongoing conlifct in Ukraine.
At 6:35pm E.T (10:35pm GMT) added 0.03%, gained 0.07% and were up 0.14%.
Investors will be paying close attention to fresh inflation data slated to be released throughout the week, with for March due out on Tuesday and the print on Wednesday.
Later in the week, first-quarter earnings season is set to heat up with JPMorgan Chase and Delta due to report results on Wednesday morning.
During Friday’s trade, major benchmark indices finished lower as technology companies retreated amid spiking bond yields. Block Inc (NYSE:) lost 2.9%, Amazon.com Inc (NASDAQ:) fell 2.1%, Alphabet Inc (NASDAQ:) dipped 1.9% and NVIDIA Corporation (NASDAQ:) shed 4.5%.
EV manufacturers declined, with Rivian Automotive Inc (NASDAQ:) and Tesla Inc (NASDAQ:) falling 3% while Lucid Group Inc (NASDAQ:) dipped 2.9%.
Financial companies provided some support with JPMorgan Chase & Co (NYSE:) up 1.8%, Citizens Financial Group Inc (NYSE:) adding 0.4%, Bank of America Corp (NYSE:) gaining 0.7% and Citigroup Inc (NYSE:) up 1.7%.
During last week’s trade, the tech-heavy retreated 3.9%, while the and shed 1.3% and 0.3%, respectively.
On the bond markets, yields hit fresh 37-month highs of 2.706%.
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