US Stock Futures Trade Higher as Earnings Season Takes Center Stage
Dow futures tick higher, earnings season comes into focus
US stock futures were trading higher during Sunday’s evening deals, following a week of gains driven by stronger-than-expected earnings from major financial companies.
By 6:40pm ET (10:40pm GMT), Dow Jones futures and S&P 500 futures were up by 0.1%, while Nasdaq futures added 0.2%.
Market participants eagerly await key events and speeches
Ahead in the week, market participants will be closely monitoring a range of events and speeches, including economic indicators, Federal Reserve meetings, and remarks from influential figures.
Key events to watch include the release of economic data, such as the consumer price index, retail sales, and jobless claims, as well as speeches from Federal Reserve officials and members of the US government.
Major companies set to report earnings
Among the notable earnings releases this week are Bank of America Corp, Goldman Sachs Group Inc, Lockheed Martin Corporation, United Airlines Holdings Inc, Tesla Inc, and Morgan Stanley.
Investors will be paying close attention to these reports, as they will provide insight into the health and performance of these major companies and potentially impact market sentiment.
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Market recap and bond market update
During Friday’s regular trading session, the Dow Jones Industrial Average gained 39.2 points or 0.1% to reach 33,670.3, while the S&P 500 lost 21.8 points or 0.5% to close at 4,327.8. The Nasdaq Composite dipped 167 points or 1.2% to end the day at 13,407.2.
On the bond markets, interest rates were at 4.612%.
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