Dow futures tick higher, earnings in focus

  • Investing.com
  • Stock Market News
Dow futures tick higher, earnings in focus
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were trading slightly higher during Sunday's evening trade, after major indices capped a positive week as easing CPI and PPI pressures boosted sentiment ahead of a critical earnings season.

By 19:00 ET (23:00 GMT), Dow Jones futures and S&P 500 futures were up 0.2% apiece while Nasdaq 100 futures gained 0.1%.

Ahead in the week, traders will be looking towards NY empire state manufacturing index , building permits , housing starts , Philadelphia Fed manufacturing index , existing home sales , preliminary manufacturing and services PMI readings, as well as speeches from FOMC members Bowman , Williams , Waller , and Fed Governor Cook .

Meanwhile, earnings season is set to heat up with major companies including Charles Schwab (NYSE: SCHW ), Bank of America (NYSE: BAC ), Johnson & Johnson (NYSE: JNJ ), Netflix (NASDAQ: NFLX ), Lockheed Martin (NYSE: LMT ), Goldman Sachs Group (NYSE: GS ), Bank of New York Mellon (NYSE: BK ), United Airlines Holdings (NASDAQ: UAL ), Tesla (NASDAQ: TSLA ), Morgan Stanley (NYSE: MS ), and International Business Machines (NYSE: IBM ).

During Friday's trade, the Dow Jones Industrial Average dipped 143.2 points or 0.4% to 33,886.5, the S&P 500 lost 8.6 points or 0.2% to 4,137.6, and the Nasdaq Composite lost 42.8 points or 0.4% to 12,123.5.

Financial giants outperformed following stronger-than-expected earnings, with JPMorgan Chase (NYSE: JPM ) adding 7.6%.

On the data front, retail sales disappointed, coming in at -1% versus -0.4% expected, while industrial production surprised to the upside, coming in at 0.4% versus 0.2% expected.

For the week, the Dow and the S&P 500 advanced 1.4% and 1.3%, respectively, each finishing at 8-week highs while posting the 5th week of consecutive gains. Meanwhile, the Nasdaq added 1.2% for the week.

On the bond markets, United States 10-Year rates were at 3.517%.

Add Chart to Comment

Comment Guidelines

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

Error: File type not supported

Drop an image here or

100
Please try another search