U.S. Stock Futures Steady as Israel-Hamas War Erupts
Trading Range Holds for U.S. Stock Futures
U.S. stock futures were trading within a tight range during Monday’s evening deals, following a positive session for major benchmark averages. The eruption of the Israel-Hamas war has caused prices to surge.
Steady Trading for U.S. Stock Futures
By 6:40pm ET (10:40pm GMT), U.S. stock futures were holding steady, with no significant movement. This includes the Dow Jones Industrial Average and the S&P 500, which remained unchanged, while the Nasdaq ticked 0.1% higher.
Saratoga Investment Corp Reports Strong Q2 Earnings
In extended deals, Saratoga Investment Corp (NYSE:) saw a 1.5% increase in its stock price after reporting better-than-expected earnings for Q2. The company’s earnings per share (EPS) came in at $1.08, surpassing the expected $1.02. Revenues also exceeded expectations, reaching $35.5 million compared to the projected $35.4 million.
Key Factors to Watch on Tuesday
Investors will closely monitor several key factors in Tuesday’s trade. This includes updates on inflation, wholesale trade data, and economic speeches from influential figures like , , , and .
Upcoming Earnings Reports
Several companies are expected to report their quarterly earnings, including PepsiCo Inc, Louis Vuitton, Neogen Corporation, and AZZ Incorporated.
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Positive Session for Major Benchmark Averages
During Monday’s regular session, the Dow Jones Industrial Average added 197 points or 0.6%, reaching 33,604.7. The S&P 500 also saw gains, adding 27.2 points or 0.6% to close at 4,335.7. The Nasdaq gained 52.9 points or 0.4%, closing at 13,484.2.
Bond Market Rates
On the bond markets, rates were recorded at 4.638%.
