Dow Futures Lift as Solid Earnings Boost Sentiment

  • Stock Market News
Dow Futures Lift as Solid Earnings Boost Sentiment
Credit: © Reuters.

By Oliver Gray - U.S stock futures were trading higher during Monday’s evening deals, after major benchmark indices rallied during regular trade as solid earnings results from major financial companies boosted sentiment.

By 19:05 ET (23:05 GMT) Dow Jones Futures were up 0.6% while S&P 500 Futures and Nasdaq 100 Futures lifted 0.7% apiece.

In extended deals, Marten Transport (NASDAQ: MRTN ) fell 2.8% after the company reported Q3 EPS of $0.32, just below expectations of $0.34, while revenue was reported at $324.4 million versus $322.11 million expected.

In Tuesday’s session, market participants will be focused on earnings results from Goldman Sachs Group Inc (NYSE: GS ), Netflix Inc (NASDAQ: NFLX ), Johnson & Johnson (NYSE: JNJ ), and United Airlines Holdings Inc (NASDAQ: UAL ). Meantime, fresh industrial production data will also be closely watched.

During Monday’s regular trade, the Dow Jones Industrial Average gained 551 points or 1.9% to 30,185.8, the S&P 500 lifted 2.7% to 3,678 and the NASDAQ Composite rallied 354.4 points or 3.4% to 10,675.8.

Among reporting companies, Bank of America Corp (NYSE: BAC ) rose 6.1% after the company reported EPS of $0.81 versus $0.78 expected on earnings of $24.5 billion versus $23.56 billion expected, while Bank of New York Mellon (NYSE: BK ) gained 5.1% after reporting EPS of $1.21 versus $1.1 expected with revenues coming in at $4.28 billion versus $4.2 billion expected.

On the bond markets, United States 10-Year rates were hovering near 14-year highs at 4.012%.


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