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Futures show further Wall Street profits as the earnings season progresses

US equity futures showed a rise on Tuesday, expanding after the largest four-day rise since late July in both the S & P 500 and the Nasdaq Composite Index.

what’s happening
  • Dow Jones Industrial Average 30 Futures
    YM00

    Increased by 73 points or 0.2% to 35206

  • S & P 500 Futures
    ES00

    13 points up to 4490, or 0.3% increase

  • Nasdaq 100 Futures
    NQ00

    Increased by 36 points (0.2%) to 15327

Monday, Dow Jones Industrial Average
DJIA

The S & P 500 fell 36 points (0.1%) to 35259.
SPX

Increased by 15 points (0.34%) to 4486, Nasdaq Composite Index
COMP

Up to 15022, it increased by 124 points, or 0.84%. The S & P 500 and Nasdaq Composite have each recorded the highest four-day wins since July 23.

What is driving the market

A positive background is created as corporate profits have largely masked concerns about supply chain disruptions.

In the first week, 66% of companies won both sales and earnings per share, according to Bank of America. This is well above the historical average of 47%.

Results from corporate giants, including Procter & Gamble, will be seen on Tuesday
PG

And Johnson & Johnson
JNJ,

After the end, streaming giant Netflix
NFLX..

The market is also looking at the launch of the first Bitcoin exchange-traded fund and the flattening of the yield curve.
BX: TMUBMUSD05Y

And 30 years
BX: TMUBMUSD30Y

Treasury securities have been the narrowest since early 2020.

Housing begins and a gag spoken by the Federal Reserve Board highlights the economic calendar of the day.

Futures show further Wall Street profits as the earnings season progresses

Source link Futures show further Wall Street profits as the earnings season progresses

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