Dow Futures Move Higher as Investors Brace for Earnings
By Oliver Gray
Investing.com - U.S. stock futures were trading higher during Sunday’s evening deals, with market participants looking to see how major companies are dealing with slowing global growth as the third-quarter earnings season kicks off.
By 19:10 ET (23:10 GMT) Dow Jones Futures were up 0.3% while S&P 500 Futures and Nasdaq 100 Futures were up 0.4%.
Ahead in the week, Rio Tinto (NYSE: RIO ), Bank of America Corp (NYSE: BAC ), Bank of New York Mellon (NYSE: BK ), and Charles Schwab Corp (NYSE: SCHW ) are set to report on Monday, while Netflix Inc (NASDAQ: NFLX ), International Business Machines (NYSE: IBM ), and Tesla Inc (NASDAQ: TSLA ) are set to deliver results later in the week. Meantime, NY Empire State and Philadelphia Fed manufacturing indices, industrial production , building permits , housing starts , and existing home sales data as well as speeches from the Fed’s Bullard , Bowman and the FOMC’s Williams are also scheduled for this week.
During Friday’s session, the Dow Jones Industrial Average fell 403.9 points or 1.3% to 29,634.8, the S&P 500 lost 86.8 points or 2.4% to 3,583.1, and the NASDAQ Composite lost 327.8 points or 3.1% to 10,321.4. For the week, the Dow added 0.7%, the S&P 500 fell 1.6%, and the NASDAQ dropped 3.2%.
On the bond markets, United States 10-Year rates were at 14-year highs of 4.023%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or