Business

Futures set a further record for Wall Street ahead of the earnings onslaught

US equity futures made a bright start on Tuesday and continue to win as investors face an onslaught of corporate earnings.

what’s happening
  • Dow Jones Industrial Average 30 Futures
    YM00,
    + 0.31%

    Increased by 96 points (0.3%) to 35716

  • S & P 500 Futures
    ES00,
    + 0.38%

    0.4%, or 18 points higher to 4576

  • Nasdaq 100 Futures
    NQ00,
    + 0.55%

    0.7%, or 101 points higher to 15596

Monday, Dow Jones Industrial Average
DJIA,
+ 0.18%

The S & P 500 rose 64 points (0.18%) to 35741.
SPX,
+ 0.47%

Increased by 22 points (0.47%) to 4566, Nasdaq Composite Index
COMP,
+ 0.90%

Both the Dow and S & P 500 ended at record highs, leaving the Nasdaq Composite just 1% away from the new highs.

What is driving the market

The S & P 500 made progress in eight of its last nine sessions, as third-quarter earnings were significantly higher than expected. However, Deutsche Bank strategists are beginning to notice the trend.

“This was a good overall profit season, but more and more companies are starting to have supply backlogs, hiring difficulties, and rising input prices that are eating up profits. Yesterday, some consumers are certainly. I saw a staple company lowering its full-year profit outlook with a revenue release, “said a strategist led by Jim Reed.

Tuesday’s earnings wave includes General Electric
GE,
+ 1.20%
,
3M
Hmm,
+ 0.88%
,
And after the closing, the alphabet
Google,
-0.09%

And Microsoft
MSFT,
-0.33%
..
Social media giant Facebook
FB,
+ 1.26%

Higher edge in pre-market trading After exceeding the third quarter earnings forecast However, it has announced a lower-than-expected earnings outlook for Wall Street.

Overnight, China’s Deputy Prime Minister Liu He and Treasury Secretary Janet Yellen made a second call in four months. The economic calendar includes home prices, new home sales, and consumer confidence data.

Futures set a further record for Wall Street ahead of the earnings onslaught

Source link Futures set a further record for Wall Street ahead of the earnings onslaught

Back to top button