U.S. Futures Trade Lower Ahead of Major Earnings Reports

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U.S. Futures Trade Lower Ahead of Major Earnings Reports

By Oliver Gray

Investing.com - U.S. stock futures moved slightly lower during early APAC deals on Tuesday, following a mixed session as investors digested strong earnings reports from major companies, while higher long term bond yields and disappointing local data limited gains.

During Monday’s regular session, the Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.62. the S&P 500 rose 15.09 points or 0.34% to 4,486.47, while the Nasdaq Composite gained 124.47 points or 0.84% to 15,021.81.

Futures contracts were down 0.1% , 0.08% and 0.09% respectively.

Among stocks, a number of big names are set to report in the week ahead, with health care giant Johnson & Johnson (NYSE: JNJ ) set to report its latest results on Tuesday, as will streaming entertainment service Netflix (NASDAQ: NFLX ). United Airlines Holdings Inc (NASDAQ: UAL ) and Procter & Gamble Company (NYSE: PG ) are also slated to report later in the session, while Tesla (NASDAQ: TSLA ), Verizon (NYSE: VZ ) and IBM (NYSE: IBM ) are among the other names on deck for the week.

On the bond markets, United States 10-Year yields eased to 1.591%.

Among data, U.S. industrial production declined in September as supply constraints continued to hinder manufacturing. Output fell almost 1.28% to its lowest level since February, when it fell 3.02%, due to supply-chain constraints and Hurricane Ida.

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