Dow Futures Move Higher as Investors Brace for Earnings

  • Stock Market News
Dow Futures Move Higher as Investors Brace for Earnings

By Oliver Gray - 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%.


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