The trader is working on the floor of the New York Stock Exchange (NYSE) on September 22, 2021.
Brendan MacDermid | Reuters
US equity futures on Monday were stable in overnight trading as investors awaited a number of major tech earnings in a wide range of record highs.
Dow futures rose only 20 points. S & P 500 futures rose 0.12% and Nasdaq 100 futures rose 0.2%.
Social media giant stock Facebook 3% higher in after-hours trading on Monday after the company Exceeded analysts’ earnings expectations.. Facebook was missing out on revenue and expectations for monthly active users.
The Dow Jones Industrial Average and S & P 500 closed at record highs on Monday. Dow scored 64 points. The S & P 500 rose 0.5% as Tesla’s share price rose 12% as electric car makers reached a market capitalization of $ 1 trillion for the first time.
The Nasdaq Composite rose 0.9% and outperformed. The technology-focused average is about 1.1%, up from a record high.
Technology darling alphabet When Microsoft Report earnings after the bell on Tuesday. Other major reports include 3M, Eli Lilly, General Electric, UPS and Visa. Microsoft’s bulls expect a strong quarter for Microsoft, backed by a major Azure business. Analysts expect Alphabet revenue to increase 43% year-over-year.
84% of 117 as of Monday closing According to Refinitiv, the S & P 500 companies that reported revenue exceeded expectations. S & P 500 companies are expected to grow profits by approximately 35% in the third quarter.
“The earnings season has made another great start, but is the big challenge now whether Big Tech’s name will rise? It’s the best stock ever, the bar is certainly pretty high, and tech justifies the current stock. A level that would need to be impressed to help. ” Ryan Detrick, Chief Financial Strategist at LPL Financial.
New home sales will be released on Tuesday at 10am EST. Economists surveyed by Dow Jones expect home sales to increase from 740,000 in August to 760,000 in September.
Equity futures flat after Dow and S & P 500 closed records
Source link Equity futures flat after Dow and S & P 500 closed records